What characteristic of natural gas infrastructure

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1. What characteristic of natural gas infrastructure led to regulation of the natural gas industry in the first half of the 20th century? What type of regulation was used? What is the economic justification for this type of regulation?

2. How is ownership of for-profit corporations obtained and recognized by law?

3. What are above average returns? How does firm competitive advantage influence the nature of returns? (Can you please provide reference from the text book)

Reference no: EM131720213

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