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Can see any economic difference between two method

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Question 1: Consider two different ways of beating your competition. One way is to offer your customers lower prices and better service. The other is to get a law passed that raises your competitor's costs - for example, by imposing special operating requirements on them. Can you see any economic difference between these two methods, assuming that both succeed in keeping your competition out of your way?

Reference no: EM132927265

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