Read Matthew 25:14-30

1. Discuss the impact of competition in your own life as it relates to Matthew 25:14-30

Copy paste and review the resources below

https://www.investopedia.com/terms/p/perfectcompetition.asp

https://www.investopedia.com/terms/m/monopolisticmarket.asp

https://www.investopedia.com/ask/answers/05/perfectcompetition.asp

1. Discuss the economic factors that lead to the development of monopolies. Examples of monopolies include electric utilities, railroads, airlines, cable television, and sports leagues. Focus your answer on a specific industry.
2. Compare the efficiency of monopoly and perfect competition. Which is more efficient? Explain your reasoning and illustrate with a hypothetical example.