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Why do the regulated companies oppose deregulation?
a. They would be deprived of an opportunity to compete with other firms.
b. They would be deprived of their rights to continue business.
c. They would be denied any kind of support from the government.
d. They would incur losses on account of increased competition.
e. They would become unpopular as they would no longer be controlled by the government.
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What would the Consumer Surplus, Producer Surplus, and Total Surplus be for the quantity demanded =1000-P and the quantity supplied =3P-120?
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