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Concisely explain the single-product market version of the Vogelsang-Finsinger (VF) Mechanism. Then, describe why this mechanism may create incentive for a monopolist to manipulate or

Concisely explain the single-product market version of the Vogelsang-Finsinger (VF) Mechanism. Then, describe why this mechanism may create incentive for a monopolist to manipulate or misreport its cost to the regulator.

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