Why is government justified in regulating a natural monopoly

Reference no: EM13204875

If all firms in perfect competition have the same average revenue and pay the same price for inputs such as labor and materials, why do they not all have the same profit?

What is a natural monopoly? Why is government justified in regulating a natural monopoly?

Reference no: EM13204875

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Why is government justified in regulating a natural monopoly : If all firms in perfect competition have the same average revenue and pay the same price for inputs such as labor and materials, why do they not all have the same profit What is a natural monopoly Why is government justified in regulating a natural..

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