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Compare and contrast the Loeb-Magat mechanism and the Vogelsang-Finsinger (price-cap) mechanism for regulating the price that can be charged by a monopolist in a naturally

  1. Compare and contrast the Loeb-Magat mechanism and the Vogelsang-Finsinger (price-cap) mechanism for regulating the price that can be charged by a monopolist in a naturally monopolistic industry. You may limit your attention to the single product case in answering this part of this question. (10 marks.)

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