An environmental regulation results in the closing down of many firms in an industry, leaving just two or three dominant firms. How might this affect the long-run costs of the regulation?

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
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Chapter16: Government Regulation
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An environmental regulation results in the closing down of many firms in an industry, leaving just two or three dominant firms. How might this affect the long-run costs of the regulation?
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