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In: Economics

Under what condition or conditions would you like the government to regulate the price or quantity...

Under what condition or conditions would you like the government to regulate the price or quantity of your firm’s good(s)? Explain the situation, then use an economic model to illustrate and support your answer. Under what condition would you like to government to regulate the price or quantity of goods/services that you buy as a consumer? Explain the situation, then use an economic model to illustrate and support your answer.

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