Q6. What are some examples of public good that would not be produced unless governments decided to demand them? Q.7 Using the theory of demand, explain the shape and degree of stability of the demand curve for food Q8. What advantages should one expect from deregulation in the airline industry?. Q9. What is the goal of antitrust policies? Q10. Evaluate the following statement: "Since costs are higher in monopolistic competition, society would clearly better off in such industries with pure competition" Q11. Name at least three monopolistically competitive industries in U.S., and identify their chief form of product differentiation. What would be required in order that these industries become competitive? Q12. Is monopolistic competition as close in many retailing industries as we can usually get to pure competition in the U.S.? Why or why not?
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