The Liquor Control Board of Ontario (LCBO) is a crown corporation monopoly that sells alcoholic beverages in Ontario.

a) In your opinion, what are the economic consequences (both positive and negative) of the LCBO for i) consumers and ii) the economy as a whole.

b) Do you think the LCBO should continue as is or should the Ontario Government open the market to more competition? Explain and substantiate your answer.

Submit your response/answer to the Topic/Questions. Each response should be a detailed, organized, and well thought out answer. Make sure you apply economic concepts learned in principles of economics- micro and you substantiate your answers/opinions.