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In Many University Towns, Private Independent Bookstores Typically Locate on the Periphery

Question 202

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In many university towns, private independent bookstores typically locate on the periphery of the campus.However, in some university towns, the university has used political power to restrict private bookstores near the campus through community zoning laws.Use your knowledge of markets to predict the price and quality of service difference in the market for university textbooks under these two different market regimes.

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In monopoly markets, price wil...

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