To restrict a firms monopoly power, why cant antitrust authorities just set a floor or a ceiling

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To restrict a firm’s monopoly power, why can’t antitrust authorities just set a floor or a ceiling in the market?

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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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Question Posted: Dec 15, 2015 07:58 AM

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To restrict a firms monopoly power, why cant antitrust authorities just set a floor or a ceiling

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It is difficult to set a fair price in a monopolized market Antitrust authorities can ei...View the full answer

Microeconomics

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