Define market power, and then discuss the rationale for government regulation of firms with market power.

ECON MICRO
5th Edition
ISBN:9781337000536
Author:William A. McEachern
Publisher:William A. McEachern
Chapter16: Public Goods And Public Choice
Section: Chapter Questions
Problem 4.10P
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2. (Business Behavior and Public Policy) Define market power, and then discuss the rationale for government regulation of firms with market power.

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