A) Discuss the concept of monopoly and critically evaluate why it is regarded as the least efficient type of market. (3 Marks)

B) In recent news, the Malaysian government will be reviewing all monopolies in the country to ensure that the public enjoys fair and better services. Present your own opinion/idea as to how TouchnGo, Pharmaniaga, or other monopolistic companies should strategize their operations given the recent development in government policy.

(7 Marks)

C) In your opinion, should the government dismantle all monopolies in Malaysia? Discuss your answer. (5 Marks)