Hi there! Good day! Topic on Intermediate Economics: Perfect Competition and Monopoly Question: "Some economists argue that monopoly may not necessarily be bad efficiency-wise. The question of equity is another matter. Agree or disagree. Ilustrate and explain your answer." Illustrate using a graph then explain. You can come up with own dependent and independent variables for the graph, if needed. ONLY USE AND EXPLAIN USING THE CONCEPTS OF PERFECT COMPETITION OR MONOPOLY. [WHICHEVER IS SUITABLE]