Problem
a) Why is natural monopoly theory a poor justification for government authorities to control and protect public utilities (water, sewer, cable television, electricity, phone service, etc.) by granting exclusive production rights?
b) You have been called in as a consultant to help Wintergreen Ski Resort close out their 2023 Winter ski season in the most profitable way possible. What will be your advice? In particular, how will you help them control costs to maximize their profits, and decide to close their doors for the season?