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Question 2 Show graphically how a price control put on a bed-renting monopolist, Snoozin Rentals, can result in not only a lower price but a

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Question 2 Show graphically how a price control put on a bed-renting monopolist, Snoozin Rentals, can result in not only a lower price but a larger quantity supplied. For the maximum price you have set, will shortages result? Carefully label both the old and new equilibrium price and output levels

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