Anti-monopoly laws - prevent collusive oligopolies, break up monopoly firms into smaller firms, encourage competitive behavior e.g. not allowing predatory pricing, unfair packaging deals.
1 of 5
Regulation
Often applies to natural monopolies - insisting that they charge lower prices, provide higher output. Often this requires the government to subsidize the natural monopoly to ensure that it maintains production in the long run.
2 of 5
Nationalisation
transfer of ownership from private to government sector -
3 of 5
Trade liberalization
Removal of barriers to international trade - increases level of competition.
4 of 5
Which is the best?
Legislation and regulation - maintain private sector expertise.
5 of 5
Other cards in this set
Card 2
Front
Often applies to natural monopolies - insisting that they charge lower prices, provide higher output. Often this requires the government to subsidize the natural monopoly to ensure that it maintains production in the long run.
Back
Regulation
Card 3
Front
transfer of ownership from private to government sector -
Back
Card 4
Front
Removal of barriers to international trade - increases level of competition.
Back
Card 5
Front
Legislation and regulation - maintain private sector expertise.
Comments
No comments have yet been made