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25 June, 07:52

Governments do not usually regulate monopolistically competitive industries because:

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  1. 25 June, 08:10
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    Governments do not usually regulate monopolistically competitive industries because: the cost of regulation may be higher than the deadweight loss.

    Some examples of monopolistically competitive industries include:

    Hotels

    Restaurants

    Taverns or bars

    Services for the consumers such as a haircut, pedicure, etc.

    Retails that specialize in a certain product
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