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GarryVolchara [31]
3 years ago
6

Explain how and why governments may want to regulate the price setting of a natural monopoly.

Business
1 answer:
Lilit [14]3 years ago
8 0
The government wants to protect the consumer's interest, that is why they are regulating the monopoly. Monopolies have the power to set higher prices than the competitive market. They regulate monopolies to prevent excess prices, quality of service( to ensure the firm receives minimum standard of service), monopoly power,promote competition, and natural monopolies( we cannot encourage competition, and it is essential to regulate firm to prevent monopoly of power). <span />
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Roseanna asked Henry, one of her team members, to purposefully think of and voice criticisms as the group discussed a popular id
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Devil's advocacy.

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3 years ago
Galvin has deposited $879 in a savings account that earns interest at a rate of 1.8% compounded quarterly.what will the account
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$1,130.28

Formula is A = P (1 + [r/n])^(nt)

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3 years ago
A third-degree price discriminating monopolist can sell its output either in the local market or on an internet auction site (or
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the firm should have sold less output in the local market, and more output on the internet auction site.

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Based on the scenario being described within the question it can be said that in order to maximize profits the firm should have sold less output in the local market, and more output on the internet auction site. This is because marginal revenue indicates the additional revenue that will be generated by increasing product sales by one unit. Therefore since the internet auction site's marginal revenue is higher than the local store, it means that selling more units in the internet site will lead to more profit than the local market.

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3 years ago
Read 2 more answers
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