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leejr1983 leejr1983
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5 years ago
Regulation in the mobile phone industry was sought in part to serve the interests of incumbent firms and increase the profit margin by regulating prices and entry of new firms. This is an example of ________.
a) deadweight loss
b) moral hazard
c) capture theory
d) rent-seeking theory
Textbook 
Business and Its Environment

Business and Its Environment


Edition: 7th
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emyleepattonemyleepatton
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5 years ago
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