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  3. should the government regulate monopolies? if yes,

Should the government regulate monopolies? If yes, outline the economic implications and process of regulation. Watch...

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Economics

Should the government regulate monopolies? If yes, outline theeconomic implications and process of regulation. Watch the videobelow and from the resources in the course, give an answer to thisquestion.

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The government may wish to control monopolies to protect consumer interests Monopolies for example have the market power to set higher prices than those in open markets State can control monopolies by price capping restricting price rises Mergers legislation Breaking up monopolies Nationalization of monopoly    See Answer
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