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anymous anymous
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There has been a trend toward less government regulation and ownership in oligopolistic industries in most industrialized countries since the 1980s. One reason for this is

▸ policymakers realized that they did not have effective tools for promoting efficiency.

▸ policymakers came to understand that many oligopolistic firms were producing output levels that resulted in allocative efficiency.

▸ policymakers came to understand that many oligopolistic firms were operating at their minimum efficient scale, thereby producing an efficient outcome.

▸ domestic firms are now exposed to more international competition due to falling transportation and communication costs.

▸ Canada's Competition Bureau, and similar agencies in other countries were so successful at promoting competition that such regulation is no longer required.
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Microeconomics

Microeconomics


Edition: 17th
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LondonLondon
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anymous Author
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This helped my grade so much Perfect
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