Submitted Assignment (2 Parts):
1) Define the terms listed below in your own words (25 to 50 words) with citations.
a. Consumer surplus
b. Economic welfare
c. Single price monopoly
d. Perfect price discrimination
2) In a concise essay of a short essay of 500 to 600 words, with at least two scholarly peer-reviewed references from sources outside of this week’s readings, address the following questions:
a. What are the benefits and the dangers of monopolies?
b. What are the benefits and the dangers of cooperation? Of competition?
b. How might you apply this information apply to for-benefit corporations?
c. And, how could your research help how others view for-benefit corporations?
Your essay should follow all APA guidelines for formatting and citations
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