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What was the major contribution for which Jean Tirole was awarded the Nobel Prize?

  • Discovery of a new economic principle

  • Analysis of market power and regulation

  • Defining the relationship between supply and demand

  • Invention of a new economic model

Answer

Jean Tirole was awarded the Nobel Prize for his work on analyzing market power and regulation. His research has helped to understand how monopolies and other large firms behave, and how government regulation can be used to improve economic efficiency.
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