Market Structure and Price Regulation
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Since most urban water is sold in a monopoly or single seller market, it is not usually thought of as a candidate for market analysis. This is also true of water sources that are frequently allocated on the basis of inter-government agreement and/or water compact. For example, the Colorado River Compact allocates water between the upper and lower basin states and in the lower basin among the states of Nevada, Arizona, and California. Bonnie Colby discusses markets involving water sources in Chapter 6. This chapter emphasizes consumer markets.
KeywordsMarginal Cost Average Cost Urban Water Water Utility Average Total Cost
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