Use price capping as tool/measure for answers. Answer in on wrds

9.4: Discussion: Economics and Policy - Regulation Tools, Do They Cover Everything? (Ch.11)

Regulation Tools, Do They Cover Everything?

Between Section 1 and 3 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.