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Use a properly labeled graph to help you explain how to determine the market outcomes (price, quantity, profits, consumer surplus, and deadweight loss) of a
Use a properly labeled graph to help you explain how to determine the market outcomes (price, quantity, profits, consumer surplus, and deadweight loss) of a natural monopoly. Evaluate whether these outcomes lead to productive efficiency and/or allocative efficiency. Explain why government regulation in restoring allocative efficiency is not sustainable. Suggest a similar regulation that is sustainable in which it may result in a lose-lose-lose-lose situation.
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