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.
You might also like
Amazon agrees e-book pricing deal with major publisher
21st October 2014
Why do businesses grow?
Study Notes
What is Market Concentration?
Study Notes
Barriers to Entry and Exit
Study Notes
Market Failure & Government Intervention (Revision Presentation)
Teaching PowerPoints
De-Merit Goods
Study Notes
Regulations (Government Intervention)
Study Notes
Competition and Markets Authority to investigate pie merger
20th December 2014