For an industry that actually was a natural monopoly, would imposing a regulation requiring price to equal
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For an industry that actually was a natural monopoly, would imposing a regulation requiring price to equal average cost necessarily prevent both price and average cost from rising if demand were to increase? Explain briefly.
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Not necessarily While it is true that natural monopolies experience great econo...View the full answer
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Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
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