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Regulation Tools, Do They Cover Everything? v In this unit, we see tools that the government can utilize to help ensure competition and to protect
Regulation Tools, Do They Cover Everything? v In this unit, we see tools that the government can utilize to help ensure competition and to protect consumers from extravagantly high prices from a monopolist. For this discussion, your task is to: 1. Identify and describe a tool or measure used in this chapter to ensure competitive pricing and anti-trust policies. 2. Explain the benefits and intentions of this tool or policy. 3. Explain how this tool or policy may fall short in preventing monopolies, protecting consumers, or any other uncompetitive practice that we may run into. Learning Objective: 11.3.3 - Contrast cost-plus and price cap regulation; 11.4.1 - Evaluate the effectiveness of price regulation and antitrust policy; 11.4.3 - Explain regulatory capture and its significance
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