. Can we consider WAPDA a government-created/state monopoly? Was creating WAPDA bad public policy? Explain.

Principles of Economics 2e
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Chapter11: Monopoly And Antitrust Policy
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. Can we consider WAPDA a government-created/state monopoly? Was creating
WAPDA bad public policy? Explain.
ii. Why is marginal revenue less than the price for monopolies? Can marginal revenue
ever be negative? Explain.
iii. Show the deadweight loss from unregulated monopoly. Explain your answer as it
relates to WAPDA.
iv. Describe in detail the Public Policy measures that the government can use to manage
government-created/state monopolies like WAPDA.

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