Economics
In the News
Ofcom - the industry regulator using other methods to support consumers
1st December 2015
A lack of competition in a market can lead to welfare loss in terms of high prices and lack of innovation within the industry. One government response is to assign a regulator - an organisation aimed at acting on the public's behalf and monitoring the operations of the firms within the market place. Ofcom is the industry watchdog for the UK communications industry.
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