III.Choosing four (4) out of six (6) statements given below, indicate whether you agree, disagree, or are uncertain about the truth of the statement, and explain your reasoning. Graphical analysis is encouraged but not absolutely required.

1."The socially optimal amount of pollution is zero." [Read pp. 363-367 in Chapter 17 of the McEachern text before answering this question]

2."Monopolies should be regulated by antitrust laws and/or government price regulations because left unregulated they do not produce a socially efficient level of output and overcharge for their products."

3."Monopolies and oligopolies have more market power than firms in monopolistically competitive and perfectly competitive industries."

4."A free market will product too much output when negative externalities exist and too little output if positive externalities exist."

5."The Fish Banks game and the coronavirus pandemic demonstrate the 'Tragedy of the Commons'."

6."The U.S. economy has become increasingly competitive over time." [Read pp. 330-340 in Chapter 15 of the McEachern text and consider your Amazon/Facebook homework before answering this question]

Note: I do not need graphs please. Just type answers, it will be helpful for me. Thank you