Problem
For you to be able to help me with this, I need to figure out a way to discuss the following. I'll need to explain each bullet point in 3-5 sentences. Please help me with the rough draft:
a) What kinds of market inefficiencies are caused by monopolies?
b) List the several kinds of inefficiencies brought on by monopolistic competition.
c) How are monopolies and enterprises that compete in a monopolistic manner profitable?