What can government do when faced with monopoly structures in key industries.

Microeconomics Assignment

Using supply and demand curves explain where appropriate :

a) How does a monopoly maximizes its profits 15%

b) What is price discrimination in context of monopolies? 5%

c) Inwhatsituationscanamonopolybejustified?5%

d) What can government do when faced with monopoly structures in key industries. Use
real life examples to support your answer. 5%