mini project

Question 1: 2.5/3

Question 2: 1.5/4.5

Grammar/ organization: 2.5/2.5

You could work on strengthening your arguments using the class material. 

Q1: the extremely inelastic demand allows monopolies to have a large markup.

Q2: this is an example of multi-market (3rd degree) price discrimination since cross country markets are independent (imports are illegal).