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How does a price cap change the outcome in perfect competition and in monopoly? In perfect competition, a price cap set below the equilibrium price
How does a price cap change the outcome in perfect competition and in monopoly? In perfect competition, a price cap set below the equilibrium price ________ the quantity. In monopoly, a price cap ________ the quantity. A. decreases; also decreases B. decreases; increases C. increases; also increases D. increases; decreases
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