Monopoly” Please respond to the following:
- Identify a company in your local area that you would classify as a monopoly. Explain why you classified the company as a monopoly, and state how the company relates to at least two (2) characteristics of that particular market.
- Discuss one advantage and one disadvantage of having the government regulate monopolies. Provide an example in your response.
“Market Entry and Monopolistic Competition” Please respond to the following:
- From the e-Activity article, explain your position on whether or not Apple is stifling competition and monopolizing the tablet market. Examine the type of market structure within which Apple operates. Support your answer by relating to each of the characteristics described in Chapter 8 of your textbook.
- Based on the characteristics of the referenced in the first part of this discussion, determine two to three (2-3) ways in which potential competition would affect Apple’s ability to gain its share of the market. Provide support for your response