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I would like to thank Gordon Tullock, Corky Reimers, Ken Koford and Richard Cornwall for helpful comments and suggestions.
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Colander, D.C. Some simple geometry of the welfare loss from competitive monopolies. Public Choice 45, 199–206 (1985). https://doi.org/10.1007/BF00215066
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DOI: https://doi.org/10.1007/BF00215066