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9 marksIntervention

CAPE Economics Unit 1 · 2011 · Paper 2 · Question 4(b)

Identify three pricing options that the government can employ to regulate a natural monopoly and state the effect of each option.

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Other parts of this question

  1. 4(a)(i)With the use of examples, distinguish between private costs and social costs.[8 marks]
  2. 4(a)(ii)With the use of examples, distinguish between public goods and private goods.[8 marks]

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