1
Q
what are the aims of comp pol (5)
A
prevent excessive pricing
promote comp
ensure quality and choice
regulate natural monopolies
promote tech innovation
2
Q
who do they work in the interests of
A
the public
3
Q
when will they intervene
A
cartel agreements
investigate mergers
4
Q
who enacts comp pol
A
CMA - comp and marketing authorities
5
Q
whats an example of a regulator beneath them
A
OFCOM- telecommunications reg
work beneath and report to CMA
specialized
6
Q
A
micro
flashcards
Decks in class (24)
# Cards
-
specialisation and trade14
-
elasticity59
-
utility45
-
supply and demand16
-
externalitites25
-
merit and demerit goods19
-
production30
-
the economic problem and allocative efficiency19
-
monopolies- price discrimination5
-
business objectives37
-
the basics of externalities8
-
public goods15
-
perf comp24
-
barriers to entry4
-
monopolies26
-
monopolies- price discrimination19
-
monopolistic competition22
-
oligopolies26
-
contestable markets16
-
labour market29
-
monopsony15
-
trade unions2
-
wage differentials14
-
comp pol6
