All the following statements are false, in general. For each statement, give a

brief explanation of why it's false and an example of a case when it's true, if

ever.

1. The major economic problem of monopolies is that they don't have good

incentives to produce in the lowest-cost way.

2. A tax on rental housing will just be passed through to the renters.

3. Monopolists under-produce but monopsonists over-produce.