Many large service organizations were at one time state-owned, but have been privatized. Examples in some countries include electricity telecommunications. They are often regulated. Similar systems of regulation of prices by an independent authority exist in many countries, and are designed to act as surrogate for market competition in industries where it is difficult to ensure a genuinely competitive market. c) supply and Required: Explain which aspects of cost information and systems in service organizations would particularly interest a regulator, and why these features would be of interest. (4 marks)