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stars_and_moon stars_and_moon
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8 years ago
The government is considering three options for the local monopoly on sewage service:  rate-of-return regulation, a franchise monopoly based on the firm willing to sell the good for the lowest price, and a franchise monopoly auctioned to the firm willing to pay the local government the highest bid.  Which option do you think is best for the consumers?  Explain.
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kingbykingby
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8 years ago
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#2
8 years ago
Incredible!
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#3
8 years ago
I instantly knew the answer when I read the question, happy to help
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