What is the average cost pricing rule? Why is it not an efficient way of regulating monopoly?

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 07:18 AM

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What is the average cost pricing rule? Why is it not an efficient way of regulating monopoly?

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An average cost pricing rule requires that the firm set its price equa...View the full answer

Microeconomics

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