question archive When energy companies want to raise the rate they charge to their customers they must first argue their case at a public hearing before a regulatory body

When energy companies want to raise the rate they charge to their customers they must first argue their case at a public hearing before a regulatory body

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When energy companies want to raise the rate they charge to their customers they must first argue their case at a public hearing before a regulatory body. How does the free-rider problem explain why energy companies are usually successful in getting permission to raise their rates?

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