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    Microeconomics Study Set 45
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    Exam 21: Antitrust Policy and Regulation
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    The Legal Cartel Theory Indicates That in Any Industry Where
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The Legal Cartel Theory Indicates That in Any Industry Where

Question 213

Question 213

True/False

The legal cartel theory indicates that in any industry where market demand and the long-run average total cost curve intersect close to the latter's minimum, government regulation is mandatory and desirable.

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