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| #895424 in eBooks | 1999-04-01 | 1999-04-01 | File type: PDF||3 of 3 people found the following review helpful.| Interesting article poor kindle transfer|By Barry Bones|This is an interesting, accessible article on the functioning of monopolies and the propensity of Government to regulate them - in particular where there is economic efficiency in allowing a single firm to supply the entire market with a service or good. While I was able to follow the article, the kindle version has numero
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.
You can specify the type of files you want, for your device.Natural Monopoly and Its Regulation | Richard Posner. I really enjoyed this book and have already told so many people about it!
