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Government control of price, output, entry of new firms, and quality of service in industries where monopoly appears desirable are known as
a- antitrust regulation
b- consumer advocacy regulation
c- economic regulation
d- antimerger regulation
e- social regulation
Which of the following is not an assumption of the theory of consumer behavior described in this chapter? In deciding what to buy, the consumer will choose the good with the:
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Anticipate how technology will transform business in the future. Give specific examples to support your response.
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