Q1. "Monopoly". Please respond to the following.
Imagine monopolizing a service or product of your choice. Discuss Explain how you would go about setting cost s for your product or service.
Select a non-monopolized product or service with which you are familiar and Find out the consumption of which product or service would differ if it were controlled by a monopoly.
Q2. Explicate the underlying facts which support free trade and give an example of a good which you purchased recently which is based on resource differences. Illustrate what are some examples of goods which the U.S. has comparative advantage in producing?