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Explain how relevant to the real world do you believe

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Reference no: EM1338134

Demonstrate graphically how regulating the price of a monopolist can both increase quantity and decrease price.

a) Why did the regulation have the effect it did?

b) How relevant to the real world do you believe this result is in the "contestable markets" view of the competitive process?

c) How relevant to the real world do you believe this result is in the "cartel" view of the competitive process?

Reference no: EM1338134

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