Microeconomic Analysis practice questions:

Please see below:

MRO. One negative economic consequence of a monopoly market structure is that it results in deadweight loss to society as compared to a perfectly competitive market structure. Illustrate and upload your diagram to Dropbox and describe why a monopoly market structure as compared to a perfectly competitive market structure produces a deadweight loss to society. MEQl. Explain why in the United States, unless they are government mandated monopolies are illegal. MEQ2. Describe the role information play in impefectly competitive market models (i.e. monopolistic competition, oligopoly, and monopoly)