Explain the role of government intervention with monopolies. Graph...

• Explain the role of government intervention with monopolies.
• Graph the socially optimal price and fair return price for a monopolist.
• Graph the profit maximizing output point for an unregulated monopolist.

In theDiscussion #6: Impact of Government Interventionstopic, please post a discussion that takes the viewpoint of either: 1) for government intervention or 2) against government intervention. As you are formulating your discussion posting ensure it refers to some of the following issues:

• companies may be private, public or nationalized
• what are your thoughts on governments: 1) setting prices; 2) imposing special taxes; 3) creating the Competition Act
• What is a markets purpose in terms of: 1) free vs. regulated markets; 2) purpose of competition; 3) consumer demand

Besides words, you can illustrate your point with real examples, graphs, and currents news from online sources.