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Economics A Level (DONEEEEEEE)
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Pregunta:
How could Governments try to stop Natural Monopolies from achieving High Supernormal Profits?
Autor: eric_galvaoRespuesta:
-Profit Maxing will restrict Output to MC =MR creating a Supernormal Profit for themselves -Government may intervene ie give out Subsidies so Output is Increased to where AD = MC and thus Prices drop dramatically.
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