Suppose that the U.S. government places a ceiling on t
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Suppose that the U.S. government places a ceiling on the price of Internet access. a. Show why there is a shortage of
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Suppose that the U.S. government places a ceiling on the price of Internet access. a. Show why there is a shortage of lnternet access at the legal Price. b. Suppose that a black market for Internet providers arises, with Internet service providels developing hidden connections. Illustrate the black market fbr lnternet access, including the implicit supply schedule. the legal price. the black market supply and clemand. and the highest feasible black market price.
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