1.Distinguish among private goods, public goods, natural monopoly, and open-access goods. 2.How does social regulation differ from economic regulation? 3.What is market power and what are its effects? 4.What dilemma faces regulators trying to regulate n

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All response should be at least 75 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

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