1. Write your individual answers to the questions listed above together not each minimum 300 words in essay format in APA style [use APA template in Doc Sharing], using correct economic terms covered in the discussions. If you ONLY write 300 words, you probably won’t be able to fully answer the questions.
2. Key concepts to include in your paper--Monopoly Market Structure, Characteristics of Pure Monopoly, Barriers to Entry into the market, Natural Monopoly, Government Monopoly, Downward Sloping Demand Curve, Economies of Scale, Monopoly Pricing, Price Maker, Market Power, Economic Profits, Imperfect Competition, Rent Seeking Behavior, X-inefficiency, Deadweight Loss to Society, Marginal Cost, Marginal Revenue, Antitrust, Bundling.
3. You must use at least one scholarly journal article.
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