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In the nineteenth century,which of the following is a power left to the states?
Regulatory Commission
A government agency or body responsible for enforcing specific laws, regulations, and standards in various sectors, including utilities, telecommunications, and financial markets.
Pure Monopolist
A sole provider of a unique product or service with no close substitutes, giving it the ability to control market prices.
Natural Monopoly
A condition in which a single firm can produce the entire output of a market at a lower cost than what it would be if there were multiple firms.
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