Public schools in North Carolina have an effective monopoly with more than 90% of K-12 students attending public school. A) Calculate the deadweight loss from this monopoly. The average amount the state spends on public school students, and the average private school tuition are here: https://www.johnlocke.org/how-much-do-school-districts-spend-per-student/ Private school enrollment is here: https://ncadmin.nc.gov/dnpe/2021-2022-annual-conventional- schools-stats-reportpdf/ Public school enrollment is here (scroll down): https://wlos.com/news/local/public-school-enrollment- continues-dropping-north-carolina-where-are-the-students-crisis-in-the-classroom-news-13- investigates-charter-independent-home B) Assume the demand for K-12 education in North Carolina is: P = 38,062 - 0.017Q Calculate the Consumer Surplus under the current monopoly and under perfect competition. If the current monopoly was turned into a perfectly competitive market, how much would Consumer Surplus increase by? C) The North Carolina legislature is considering a bill to create universal school choice in the state, including private schools. This would theoretically move the market towards perfect competition: https://www.pefnc.org/north_carolina_senators_file_universal_school_choice_bill Would you support this bill? Why or why not?

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