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As there are natural monopoly market situations it is in the public interestto permit monopolies, but traditionally in the United States they are regulated with respect to price. The purpose of the rate regulation was to make sure that the public would not suffer price gouging as a result of the monopoly position of the firms. Some examples of regulated natural monopolies are electric utilities, cable TV companies, and telephone companies (local).
williomson''s model of managerial discretion
Elasticity of Demand Price elasticity of demand measures percentage change in quantity demanded which results from a 1 % change in price. Price Elasticity
how to solve Min (x+y/2, 2y+x, 3x)
so this question asks for the deadweight loss if an institution decided to provide this service free of charge. I was wondering if this will achieve the socially efficent level or
using necessary and sufficient conditions explain consumer equilibrium diagrammatically as well as mathematically
the basics in micro economics
analyse the rise and fall in the price under market equillibrium situation?
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded. What would answer be
what is le''chatliers principle?
(a) Explain why the Pareto criterion does not provide a complete ordering of the ordinal utility space (b) The competitive equilibrium is the only allocation where the gain
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