Flashcard Set Preview
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| 1 |
Explain Rationale for Govt Regulation In form of
1)Economic Regulation for Natural Monopolies
2)Social...
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Rationale For regulation in monopolies is to
Increase Economic Benefit (Social Welehyfare...
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| 2 |
Discuss Benefits & negative side effects of social regulation
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SIDE EFFECTS - high production cost , low profitabilty for smaller firms due to high cost
BENEFITS-safer...
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| 3 |
Differnce between
Caputre Hypothesis
Share the gain share the pain theory
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Capture Hypothesis -The regulatory authority is controlled by the regualted firms , rationale...
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