Unit 8 And Unit 9 Discussion

In this bid you will answer the 2 discussions differently. Don’t mix the two questions together.

Unit 8 Discussion

Assume that you are going to start a small business of your own.

Describe the business and discuss the following:

What costs you would incur;

What competition you might experience;

How you would determine the price you would sell your product; and,

How much product you would produce?

Note: These are all the question for unit 8 Discussion(you can answer all these question in one paragraph)

Unit 9 Discussion

Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly.

What is the impact of the monopoly power on its customers?

What characteristics of the industry make it a monopoly?

Why might government want to regulate natural monopolies?

How might such regulation be structured?

Needs help with similar assignment?

We are available 24x7 to deliver the best services and assignment ready within 3-4 hours? Order a custom-written, plagiarism-free paper