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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).
have to do a group project on consumer equlibrium. plz help on wat sub topics to select (i am in college 1st year)
what are things you need to look in manner of functions,elements,purpose,types and definitions?
identify three factors to criticize the theory of consumer behavior or utility theory
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homework assignments
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