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A company successfully lobbies for new regulations that significantly increase the difficulty for new competitors to enter its market. Assuming the company's output per worker remains constant, what is the most likely effect on the company's real profit per worker?
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A company successfully lobbies for new regulations that significantly increase the difficulty for new competitors to enter its market. Assuming the company's output per worker remains constant, what is the most likely effect on the company's real profit per worker?
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