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Which of the following is an effective government response to a natural monopoly's tendency to produce less output at a higher cost than the socially
Which of the following is an effective government response to a natural monopoly's tendency to produce less output at a higher cost than the socially optimal quantity?
| A per-unit subsidy |
| A patent |
| A lump-sum subsidy and price ceiling |
| Antitrust legislation |
| A per-unit tax |
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International Economic Relations Since 1945
Authors: Catherine R Schenk
2nd Edition
1351183567, 9781351183567
