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COMS 717 > Week 8 > Flashcards

Week 8 Flashcards

1
Q

Canadian telecommunications is primarily governed by 2 laws

A

Telecommunications Act: Telecoms policy objectives

Radiocommunications Act: Licensing of spectrum and certification of wireless equipment

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2
Q

CRTC

A

Canadian Radio Television and Telecommunications Commission

Regulatory agency in charge of implementing certain policy objectives set out by the telecommunication act.

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3
Q

ILEC

A

Incumbent Local Exchange Carriers

Former monopolies

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4
Q

CLEC

A

Competitive Local Exchange Carriers

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5
Q

Maxime Bernier

A

Canada’s industry minister under conservative government in 2006.

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6
Q

Static Efficiency

A

The overall price level in telecoms should not be higher than necessary to meet fair rate of return constraint. Relative prices should be as closely assigned with relative costs as fair rate of return allows.

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7
Q

Dynamic Efficiency

A

Encouragement of efficient rates of innovation as well as investment in new capital in market to extent that new investment is superior to entry via resale.

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COMS 717 (9 decks)

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