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The government of the newly independent nation of Simonistan is thinking about introducing laws about retail pricing. At the moment the three (3) choices being

The government of the newly independent nation of Simonistan is thinking about introducing laws about retail pricing. At the moment the three (3) choices being considered are; 1) no regulation of retail selling prices, 2) MRP, and 3) MSRP. Which one (1) choice should the government adopt in the new laws? Why?

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