"Not all markets are competitive, particularly in the case of industries that display aspects of natural monopoly".

Discuss roles of regulating organizations and powers vested in them in carrying out their tasks effectively in any of the Pacific Island Countries (PICs) of your choice. (5 marks)

Provide 2 examples as how work carried out by the regulating organization has benefitted the consumers and producers in your chosen PICs. (5 marks)

. Provide 2 recommendations for the regulating organization to further strengthen consumer and producer confidence within the chosen PICs.