Market Supply Curves

Requirement 1: Are market supply curves typically more elastic in the short run or in the long run? Explain.
Requirement 2: Explain why monopolies exist in some markets? Why does the government generally try to insure that monopolies don’t exist? What can the government do to stop an industry from becoming a monopoly?
-at least 600 words
-You may not use any quoted material even if sources are cited. Please make sure all posts are written entirely in your own words.
APA format