What is the profit maximizing output? [ students may use marginal approach] (1 points)
Note: For answering question-1 (a) and (b) students are required to show all possible calculations.
Q2. See around you and pick up a firm which is either dominating the market or trying to create monopoly.
(a) Write in brief about the firm chosen and explain how the firm is trying to create a monopoly or dominating the market? (2 points)
(b) Elaborate your opinion, why we as a society should worry about a firm trying to create a monopoly? (2points)
(c) Discuss some policy options a government could have to intervene in such market and prevent the monopoly creation. (2points)
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