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Natural Monopoly and Its Regulation
     

Natural Monopoly and Its Regulation

3.0 1
by Richard A. Posner
 
Natural monopolies exist in those markets in which demand can be satisfied at lowest cost by the output of only one rather than several competing firms. Under such conditions, conventional wisdom suggests that government regulation must substitute for competition to discipline the behavior of firms.

Overview

Natural monopolies exist in those markets in which demand can be satisfied at lowest cost by the output of only one rather than several competing firms. Under such conditions, conventional wisdom suggests that government regulation must substitute for competition to discipline the behavior of firms.

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This is the 30th anniversary edition, with a new preface by the author. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

ISBN-13:
9781882577811
Publisher:
Cato Institute
Publication date:
04/01/1999
Edition description:
30TH
Pages:
115

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Natural Monopoly and Its Regulation 3 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago