11: Monopoly and Antitrust Policy
- Page ID
- 126304
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- 11.5: The Great Deregulation Experiment
- Governments at all levels across the United States have regulated prices in a wide range of industries. In some cases, like water and electricity that have natural monopoly characteristics, there is some room in economic theory for such regulation. But once politicians are given a basis to intervene in markets and to choose prices and quantities, it is hard to know where to stop.