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Regulations created some years ago allow cell phone customers to keep the same phone number even when they switch to a different provider. This change:
a. increased the monopoly power of cell phone providers.
b. reduced the monopoly power of cell phone providers.
c. showed that lobbyists employed in the telecom industry are interested only in engaging in rent-seeking activities.
d. did not affect the degree of competition in the industry.
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Edsel wins a $250 million lottery prize. The money is paid out in equal instalments over 40 years beginning one year from today. What is the present value of the lottery prize to Edsel in the following cases? 1) If his discount rate is 15%? 2) If his..
assume that country a has a population of 500000 and only produces one good cars. country a produces 100000 cars per
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