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Consider monopolies such as local water or electric public utilities that are regulated by a government entity, often called a Public Utilities Commission. What are

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Consider monopolies such as local water or electric public utilities that are regulated by a government entity, often called a Public Utilities Commission. What are the ways in which these companies are regulated? What are the reasons for granting monopoly power to the company? What are the advantages and disadvantages of doing so? Share your answers to these questions with your colleagues

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