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Most monopolies are regulated by the government. Explain the challenges faced by regulators in deciding what price the monopolist is legally allowed to charge. Be

Most monopolies are regulated by the government. Explain the challenges faced by regulators in deciding what price the monopolist is legally allowed to charge. Be certain to explain the economics of the monopolist price, the socially optimal price, and the fair-return place.

Most monopolies are regulated by the government. Explain the challenges faced by regulators in deciding what price the monopolist is legally allowed to charge. Be certain to explain the economics of the monopolist price, the socially optimal price, and the fair-return place.

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