MAC Position Paper - Analysis of Monopoly Market
After working with your School-Based Enterprise to create the first ever low-fat, low-calorie avocado, you must decide whether or not you will accept a junior executive position with Mega Avocado Corporation (MAC) after you graduate. If you are going to accept MAC’s offer, you must use economic arguments to persuade me that your decision is sound. If you decline the offer, you should use economic argument to persuade me that monopoly power is not efficient. I have included instructions for this paper in your packet.
Question 1
Short answer
Using economic reasoning, analyze the benefits of a monopoly market structure to support your decision to accept MAC's offer.
Question 2
Short answer
Using economic reasoning, analyze the drawbacks of a monopoly market structure to support your decision to decline MAC's offer.
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