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During off-peak hours, it is unlikely that firms will exercise much market power. Is true or false. Why? In a competitive electricity market, higher natural
During off-peak hours, it is unlikely that firms will exercise much market power. Is true or false. Why? In a competitive electricity market, higher natural gas prices do not lead to increased short-run profits for nuclear plants because every plant is a price taker. Is true or false. Why? Wholesale price caps in electricity markets can lead to efficiency gains even if they are not set equal to the marginal costs of the marginal producer. ls true or false. Why?| l' (F+rl'. V
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