Pay- b. The pure monopolist seeks the output that will yield the greatest per-unit profit. c. An excess of price over marginal cost is the market's way of signaling the need for more production of a good. d. The more profitable a firm, the greater its monopoly power. e. The monopolist has a pricing policy; the competitive producer does not. f. With respect to resource allocation, the interests of the seller and of society coincide in a purely competitive market but conflict in a monopolized market. 8. U.S. pharmaceutical companies charge different prices for prescription drugs to buyers in different nations, depending on elas of demand and government-imposed price ceilings. Explain why these companies, for profit reasons, oppose laws allowing reimportation of their drugs back into the United States. LO8.4 9. Why have firms such as Google, Facebook, and Amazon gained monopoly power in search, social media, and online retail, respectively, despite potential competitors having virtually unrestricted access to the Internet? What economic concepts expla their ability to monopolize these markets? LO8.1 0. Under what law and on what basis did the federal district court find Microsoft guilty of violating the Sherman Act? What was initial district court's remedy? How did Microsoft fare with its appeal to the court of appeals? What was the final negotiated remedy? LO8.5 Page ROBLEMS