References: Parkin, M. & Loria, E. (2010). Microeconomics (Ninth ed). ISBN: 9786074429664

Monopoly

Select a press article in which the case of a company accused of engaging in monopolistic practices is presented and discuss the article offering its economic analysis according to the type of analysis that the authors of its textbook present in p.317 on the Reading between the lines of p. 316. Your analysis should answer the following questions.

1. What are you accusing the company of the news?

2. Why are the monopolistic practices accused of being bad? Who is being harmed? How?

3. Why is monopoly considered illegal in almost every country in the world?

4. What is the theoretical basis for regulating monopolistic practices by the government?

Attention: This week's theme aims to give you the opportunity to reflect on the different competitive environments in which different industries operate. To do so, it should explore the implications of these environments on prices and quantities offered and demanded and, consequently, on social welfare (measured through producer and consumer surpluses).