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After answering question 6, then answer two of these three questions:
 
After answering question 6, then answer two of these three questions:
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:Teacher's Note: There is a mistake in this problem.  The numbers are unrealistic and points were deducted for inadequate explanation.  We will revisit this problem in the next homework.
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:[Teacher's Note: There is a mistake in this problem.  The numbers are unrealistic and points were deducted for inadequate explanation.  We will revisit this problem in the next homework.]
    
7. Monopolies: should the government regulate them?  Or is regulation worse?
 
7. Monopolies: should the government regulate them?  Or is regulation worse?
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