The National Park Service Monopoly. The National Park service grants a single firm the right to sell food and other goods in Yosemite National Park. a. What are the trade-offs associated with this...

The National Park Service Monopoly. The National Park service grants a single firm the right to sell food and other goods in Yosemite National Park.

a. What are the trade-offs associated with this policy? Who gains and who loses?

b. Does your answer to part (a) depend on whether the monopoly is granted as a political favor or auctioned to the highest bidder?