Analysis on Monopoly
Read the attached two peer-reviewed journal articles and develop a 2-3-page essay by addressing the following topics.
- Provide a brief summary of major findings from each article.
- Compare and contrast views and perspectives on monopoly discussed in both articles.
- What does Yoon (2007) find regarding the impact of monopoly on social welfare?
- Discuss main contributions of each article to the knowledge of price elasticity of gasoline.
• how does each article deal with the concept of monopoly and its source of power and impacts, compared to existing literature?