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QUESTION TWO (10 MARKAH/ MARKS ) a) Based on the Profitability Concentration Ratio Hypothesis, explain the contradiction that exists between profit and dominance from the

QUESTION TWO (10 MARKAH/MARKS)

a)Based on the Profitability Concentration Ratio Hypothesis, explain the contradiction that exists between profit and dominance from the views of Chicago and Havard. Used the appropriate diagram to explain the differences views.

(6 marks)

b)Discuss TWO (2) theories of regulation related to economic theory. (4 marks)

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