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i.Can we consider WAPDA a government-created/state monopoly? Was creating WAPDA bad public policy? Explain. ii.Why is marginal revenue less than the price for monopolies? Can

i.Can we consider WAPDA a government-created/state monopoly? Was creating WAPDA bad public policy? Explain.

ii.Why is marginal revenue less than the price for monopolies? Can marginal revenue ever be negative? Explain.

iii.Show the deadweight loss from unregulated monopoly. Explain your answer as it relates to WAPDA.

iv.Describe in detail the Public Policy measures that the government can use to manage government-created/state monopolies like WAPDA.

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