Economics discussion ORIGINAL THOUGHTS ONLY FOLLOW THE INSTRUCTIONS 200 WORDS OR MORE please for these discussions Students need to contribute three substantive posts in this discussion by the due date indicated. The substantive posts can be any combination of responses and replies. Watch the ‘Natural Monopoly’ video. Consider the following as you watch: When Alexander Graham Bell’s patents expired, smaller phone companies sprang-up offering lower prices.Bell would not allow independents to use his long distance network. What was the government action? Discuss your perceptions. Students need to contribute three substantive posts in this discussion by the due date indicated. The substantive posts can be any combination of responses and replies. Consider the following as you read: Why are monopolistic competitors only earning a normal profit in the long run?Why does monopolistic competition deliver neither productive nor allocative efficiency? Discuss your perceptions. Review this week’s course materials and learning activities, and reflect on your learning so far this week. Respond to one or more of the following prompts in one to two paragraphs: Provide citation and reference to the material(s) you discuss. Describe what you found interesting regarding this topic, and why.Describe how you will apply that learning in your daily life, including your work life.Describe what may be unclear to you, and what you would like to learn. Students need to contribute two substantive posts in this discussion by the due date indicated. The substantive posts can be any combination of responses and replies. Copyright 2018 by University of Phoenix. All rights reserved.