Respond to the following prompts, the resources are available at the bottom.

1. Watch the "Regulating Monopolies (Socially Optimal and Fair Return)" video at the bottom of this page. Explain in a paragraph format the alternative ways that government can regulate a natural monopoly. What are government-owned or government-regulated monopolies called?
2. Watch "The Danger of Regulatory Capture" video at the bottom of this page. Explain in a paragraph format; compare and contrast the public-interest and special-interest theories of economic regulation. What is the capture theory of regulation?
3. Watch the "Episode 30B: Antitrust" and "Monopolies & Anti-Competitive Markets" videos at the bottom of this page and Explain in a paragraph format; the following topics: major antitrust laws in the U.S., "per se" violation, monopoly, natural monopoly, and price discrimination.
4. Watch the "Why All Politicians Sound the Same?" video at the bottom of this page. Major political parties typically offer "middle of the road" platforms rather than take extreme positions. Explain in a paragraph format how is this consistent with the concepts of the median voter and rational ignorance and in the related video? Also, what are politicians attempting to maximize when choosing a position on key issues and making policy decisions?
5. Explain in a paragraph format how the incentives and feedback for government bureaus differ from those for profit-making firms. Resources for the Questions above: https://youtu.be/iKTrIzxhHnw https://youtu.be/BYLe3ErmFFA https://youtu.be/2yEC0ncStuM https://youtu.be/P34SUDahiA0 https://youtu.be/wlLdX0fs6hE https://youtu.be/Sb_-wfmJnHA https://youtu.be/7UWgKZsKZOc https://youtu.be/LhiyJlI5xa0 https://youtu.be/mYtW1Ug7L_s https://youtu.be/A2ePDt6-k8Q https://youtu.be/lZfbZDK0hLw https://youtu.be/udoqK5AfYpw https://youtu.be/4H2TicrHC8I