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The year is now 191 1 and the U.S. Supreme Court has decided that Standard Oil is an illegal monopoly and will be broken up

The year is now 191 1 and the U.S. Supreme Court has decided that Standard Oil is an illegal monopoly and will be broken up into smaller, independent companies. b) What do you think will happen to the market outcomes (P, Q) after this remedy? Explain why. (7 points)

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