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Government Intervention, Predatory pricing: charging very low prices in…
Government Intervention
To Control Monopolies
Profit Regulation
the government can look at monopoly profit and decide whether these are excessive due to the absence of competition in that market
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The regulatory authorities can impose quality standards on monopolies to ensure that consumers aren't being exploited. Minimum standards are set and financial penalties are imposed if these are not met - this puts pressure on monopolists
Performance targets
The government sets performance targets to ensure that minimum standards are maintained; these are set across a range of industries
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