Homework Help:Identify from media reports on Australian industry an example of a firm that has significant monopoly power. Identify the inefficiencies in outcomes that arise or would arise if the firm was free to exercise that power

Identify from media reports on Australian industry an example of a firm that has significant monopoly power. Identify the inefficiencies in outcomes that arise or would arise if the firm was free to exercise that power.  Finally, explain how government intervention is used, or may be used, to curb that power and provide a more efficient outcome for the economy.

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