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Competition and privatisation GapFill

Target Level
C
Running Total
0
0%
Attempt
1 of 3

You must fill all the gaps before clicking ‘Check Answers!’

 Privatisation occurs inNationalisation occurs inGovernment taxes Government intervenes in various markets to control business activities. Government may intervene to control monopolies' quality   checkscontrolsstandards references and   transactioncostbusinessprice regulation. Anti-  competitionmergerstakeoverstrust laws are used by government to promote   competition efficiency profitability inefficiency and contestability. Price freeze can be implemented to curb  inflation qualitycostsprofits.  Quality Symmetric Perfect Asymmetric information and regulatory   policiesconstraintsrulescapture are major challenges to government intervention. In some cases, government will   privatise mergenationalise regulate privately owned firms so that they become state  ownedconstraintsliabilitiesproperty.

This is your 1st attempt! You get 3 marks for each one you get right. Good luck!

Pass Mark
72%