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An unregulated natural monopoly can lead to


A) Higher prices for consumers.
B) An optimal mix of output.
C) Loss of economies of scale.

D) A) and B)
E) All of the above

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The over 260,000 people employed in regulatory agencies of the federal government represent


A) A compliance cost.
B) An efficiency cost.
C) An administrative cost.

D) A) and C)
E) None of the above

Correct Answer

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