1. Monopoly price is higher and output smaller than is socially ideal. The public is the victim.'

i. Explain the economic reasoning behind the statement that 'monopoly price is higher and output smaller than is socially ideal.'

ii. Do you agree that the public is always the 'victim' of the monopoly? Justify your answer.

2.Explain a government's decision to use anti-trust legislation to break a large technology company up into dozens of smaller companies.

(Please answer in details)Thank you!!!!!!!!