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 When the government engages in price regulation of a monopoly it is _____

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 When the government engages in price regulation of a monopoly it is _____.

a. allowing the firm to set its own price.

b. limiting the price that the firm can charge consumers.

c. letting the free market establish prices.

d. taking public ownership of the monopoly.

2. What is the HHI for this industry?

a. 0

b. 4830

c. 99.75

d. 100