In your opinion, what is the best way to deal with the monopoly power problem? Do you advocate antitrust laws or regulations? How might Christian ethics relate to finding solutions to these problems? Initial post should be 200-300 words, not counting citations.

A firm typically achieves its position as a monopolist as a result of _. (a) the absence of long-run profits in an industry (b) a small market and a constant average cost (c) barriers to entry (d) a downward sloping demand for the product.                                                                   Provide reasons for incorrect as well.

44 Output Total Total Total Marginal Marginal (Q) Price Revenue Cost Profit Revenue Cost E of 20 $25.00 $500 $650 $15 $5 40 $20.00 $800 $750 $5 60 $15.00 $900 $950 $15 80 $10.00 $800 $1,250 The table above shows revenue and cost information at four different Output (Q) levels for a Monopolist. Of the four available choices, Total Profit will be the greatest at Q = Select one: а. 80 b. 40 C. 60 d. 20

Airline industry. It’s not the biggest carrier, but there are significant barriers to entry enabling it to serve a number of very profitable routes.