economics 561 DQ

Respond to the following in a minimum of 175 words: 

1. Explain why monopoly sellers usually offer discount prices to buyers who are willing to mail in a rebate coupon or endure some other type of inconvenience. Discuss why traditional economic models find it difficult to explain why people would pay to attend weight-loss camps that restrict their daily calorie intake.

2. How do monopolies come into existence in the first place?

3. How do monopolies affect your personal buying and selling decisions?