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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
- 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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International Economics Theory and Policy
Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz
9th Edition
978-0132146654, 0132146657, 9780273754091, 978-0273754206
