Question 1: How does globalization lead to greater competition in the market place? What are the implications for market structure in industries opened to global competition?
Question 2: What is an example of a natural monopoly? Will a monopoly always produce at a profit-maximizing level of output? Explain.
Format your paper consistent with APA guidelines. Be sure to properly cite your references. If you used an electronic source, include the URL. If you used a printed source, attach a copy of the data to your paper.