Types of Regulation Flashcards
1
Q
What are the four key types of regulation?
A
Merger Policy
Price regulation
Profit regulation
Performance targets and quality standards
2
Q
Merger Policy definition
A
blocking mergers that might give firms too much market power
3
Q
Price regulation definition
A
capping the prices firms can charge consumers
4
Q
Profit regulation definition
A
taxing firm profits if they make too much supernormal profit
5
Q
Performance targets and quality standards definition
A
imposing targets and standards so firms don’t provide dodgy goods or services
