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The Role of Competition in Natural Monopoly: Costs, Public Ownership, and Regulation
Benchmark competition electric utilities public ownership regulation
2010/11/5
Conventional policy for industries with very high economies of scale is to permit
monopoly but to subject it to regulation or public ownership. Since the latter may
not result in cost minimization, ...
This analysis of Australian beer consumption provides support for
the Consumer as Pawn perspective. This perspective provides an
interpretation of the consumer as a culturally-programmed
individual...