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a. Briefly explain the difference between economic regulation & antitrust policy--when & why would government employ the respective types of policy? b. If the government

a. Briefly explain the difference between economic regulation & antitrust policy--when & why would government employ the respective types of policy?

b. If the government chooses to employ economic regulation, what are the 2 price/output options they might use? How would those options improve social welfare? Are there any drawbacks with respect to those options?

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