Pages in this set

Page 1

Preview of page 1
Competition policy in Action
Competition Policy
Competition policy is the structures governments have in place for the regulation of
markets and monopolies.

Prevent growth of Monopoly power

Prevent abuse of Monopoly power and restrictive trading practices

Investigate suspected abuses of monopoly power and recommend policy decision.

Reduce barriers to entry…

Page 2

Preview of page 2
used in US where "excessive" profits are taxed Make profit based on capital
then rest taxed at 100%
No incentive to become more efficient past a certain level due being penalised
for success

Regulatory capture

occurs when the regulating body comes to identify with the interests of the firm it…

Comments

No comments have yet been made

Similar Economics resources:

See all Economics resources »