1. Give, in a paragraph, the best defense you can for using the compensation principle to judge public policy
towards the existence of monopolies. Note that much of the material in this class implicitly relies on the compensation principle. However, that doesn't mean that the compensation principle is a settled question in US policy circles. Compose a second paragraph which presents the case against such an analysis. If the compensation principle fell out of favor in the US, can you give one example of how public policy towards monopolies would change
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