Problem
Does economic theory indicate that an ideal regulatory agency that forces a monopolist to charge a price equal to either marginal or average total cost will improve economic efficiency? Explain. Does economic theory suggest that a regulatory agency will in fact follow a proper regulation policy? What are some of the factors that complicate the regulatory function?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.