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Unformatted text preview: (safety component), Rail transport with electricity (network industries) 2) Created a general framework Structure Conduct Performance Strategic behavior, not necessarily because its profitable but because of its long term effects. 3) We can appreciate the challenges that face those who engage in public policy making in dealing with industries. Economic regulation, anti-trust limitations are numerous Just as there are market failures, so there can be government failures as well. What more to learn: Understanding Strategic Behavior (game theory of market settings)...
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This note was uploaded on 04/13/2010 for the course ECON 330 taught by Professor Minetti during the Fall '08 term at Michigan State University.
- Fall '08