Industrial Policy

Revision notes on industrial policy for AQA A-Level Economics Paper 5.

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James
INDUSTRIAL POLICY
Industrial policy is part of the government's microeconomic policy, which aims to improve the
economic performance of individuals, firms and industries on the supply side of the economy.
PREVENTION OF MONOPOLY
The government allows the OFT and Competition Commission (CC) to carry out the
following, through market structure, conduct and performance indicators.
MERGERS POLICY ANTI-COMPETITIVE PRICE FIXING AND
BEHAVIOUR CARTELS
If a firm takes over greater If firms are found to be If firms are found to be
than 25% of market share, creating too many artificial indulging in collusion, then up
involving assets greater barriers to competition then to a 10% fine of turnover
than £70 million, then it can they may be investigated may be introduced.
be referred to the and subsequently fined.
competition commission.
SOLVING THE PROBLEMS OF MONOPOLIES
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