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c. In this scenario, the regulatory hoaror imposed a price ceiling on the Dnus ferry operator that was calculated to be well above the ferry

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c. In this scenario, the regulatory hoaror imposed a price ceiling on the Dnus ferry operator that was calculated to be well above the ferry owner's lowest two and well above the ferry owner's lowest ATE. Explain in significant detail. what will be the short run and long run impacts of such a price ceiling on the Dnus monopoly ferry operator's profits and continued ability to provide service to the inhabitants of the east coast island of Dnus. (4 points)

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