Illustrate and describe the effects on output and welfare if the government regulates a monopoly so that

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Illustrate and describe the effects on output and welfare if the government regulates a monopoly so that it may not charge a price above p, which lies between the unregulated monopoly price and the economically efficient price ( determined by the intersection of the firm’s marginal cost and the market demand curve).

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Managerial Economics and Strategy

ISBN: 978-0321566447

1st edition

Authors: Jeffrey M. Perloff, James A. Brander

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