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Economics a) According to Adam Smith, how does free market competition provide greater benets than government interference? (1 0 Marks) b) Identify the ve (5)

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Economics a) According to Adam Smith, how does free market competition provide greater benets than government interference? (1 0 Marks) b) Identify the ve (5) features of perfectly competitive free markets. (10 marks) c) How does a monopoly market limit economic utility?(5 Marks) cl) Discuss on how a monopoly places restrictions on the negative rights that a perfectly free market respects? (10 Marks) e) Discuss two (2) arguments on how the monopoly company violates the justice or fairness that characterizes a competitive free market. (10 Marks) f) Explain the concept of ethics of Utilitarianism and how to use the concept in monopoly market

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