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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What is cost-plus regulation?

To determine

Cost plus regulation.

Explanation

Cost plus regulation is referred to as a regulation set by the government for a firm.

This regulation sets the price a firm can charge for a period of time. This price is usually determined by looking at the firm’s accounting costs and then adding a normal rate of profit...

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