1)Give an example of a firm that's a monopoly right now. How/why did it become a monopoly?

2)If supply increases and demand remains unchanged, equilibrium quantity will _____ and equilibrium price will _____.

A. rise; rise

B. fall; fall

C. fall; rise

D. rise; fall

1)An example of a monopoly is Microsoft Corporation. Microsoft became a monopoly because no other company is allowed to compete with them in the Microsoft business. Moreover, the government has played a part in protecting them from any competition after buying the operating system in 1981. Besides, the company has significantly achieved growth with immense capital making it hard for new companies to enter the market and compete.

2)please see the attached file for the complete solution.