Question 39.1 Click on this article http://www.cato.org/pubs/regulation/reg19n1a.html Comment on this article’s challenge
to the traditionally held view of the electricity industry as a natural
monopoly. Comment on the author’s view that a deregulated market with many
competitors may serve to lower prices.
Given that the article was written prior to the California experience,
does this mean that premise is wrong? Question 39.2 Click on this article http://www.thenewrepublic.com/051500/easterbrook051500.html Comment on the argument that low
energy prices have a downside. Is the down-side really a problem, could energy
prices get too low and if they did what would the market’s reaction be? | 
2003 McGraw-Hill Higher Education