Economics essay

QUESTION: EXPLAIN HOW AND WHY GOVERNMENT MAY WANT TO REGULATE THE PRICE SETTEING OF NATURAL MONOPOLY ANSWER REQUIRED PLEASE FOLLOW THE PRESENATION FORMAT GIVEN BELOW PRESENTATION: 1. INTRODUCTION  DEFINE MONOPOLY WITH EXAMPLE  DEFINE NAURAL MONOPOLY WITH EXAMPLE 2. ANALYSIS  MAKE USE OF FIG 8.1 FROM GIVEN PPT AND EXPLAIN IN DETAIL (ONE FIRM CAN ENTIRE FULLFILL THE MARKET DENMAND WITH LOW PRICE AND COST)  MAKE USE OF FIG 8.2, 8.3a AND 8.3B FROM GIVEN PPT AND EXPLAIN (THE MONOPOLY ONLY REQUIRED TO EARN ECONOMIC PROFIT AS LONG AS DEMAND IS SUSTANAINABLE)  MAKE USE OF FIG 8.4 AND EXPAIN WHAT HAPPEN IF PERFECT COMPETETIVE INDUSTRY BECOME MONNOPOLY (COMPARISION NEEDED)  MAKE USE OF FIG 8.7 AND EXPALIN REGULATING NATURAL MONOPOLIES. 3 CONCLUSION