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Cogeco operates regional monopolies for cable TV and internet services. These monopolies are mandated by government. Cogeco has assets of $7,000 million and liabilities of

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Cogeco operates regional monopolies for cable TV and internet services. These monopolies are mandated by government. Cogeco has assets of $7,000 million and liabilities of $4,400 million. a) If they are regulated at a rate of return of 5% of equity, how much accounting profit are they permitted to make? b) What is this type of monopoly called and why does the government give utilities companies this type of monopoly but then regulate them

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