Transport Markets: Rail Industry

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  • Created by: Jade
  • Created on: 04-12-12 19:24

1. The rail market may not be contestable because there are high start up costs, economies of scale of established firms, restrictions on where passengers can be picked up/dropped off, and limited availability of rolling stock.

  • True
  • False
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2. Decades of underinvestment in infrastructure and increasing demand for rail travel means the current network is unable to meet?

  • Productive efficiency
  • Peak time demand
  • Demand

3. Who regulates the rail industry?

  • The Office of Rail Regulation (ORR)
  • The Ministry of Rail Regulation (MRR)
  • The Transport Committee of Rail Regulation (TCRR)

4. Performance: e.g. loading, commuter numbers, punctuality of services and number of complaints have _______.

  • Increased
  • Decreased
  • Stayed constant

5. Which one of these is NOT a form of regulation for the rail industry

  • Rate of Return
  • CPI X formula
  • RPI X formula
  • Yardstick regulation
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