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Explain pro and cons of Monopoly in vaccine market while arguing competitive vaccine market would be better option.

Explain pro and cons of Monopoly in vaccine market while arguing competitive vaccine market would be better option.

750-1000 words I have attached 2 file. One is a screenshot with essay instructions and other is a word document showing the direction in which I want to take this essay, if you wan to you can change supporting point in thesis statement and use different sources used in words document. 
The essay should explain pro and cons of Monopoly in vaccine market while arguing competitive vaccine market would be better option.
Should also discuss which out of price cap or subsidy, if not both, will better coordinate with competitive vaccine market.
Please cite the sources which can be:
 -journal article -news sites
-think tanks
-corporate organization sites
-government websites
-university websites. 
Thank you 🙂

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