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Market power and regulation GapFill

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

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

 Nationalisation occurs inGovernment intervenes inPrivatisation occurs inGovernment taxes various markets to control business activities. Government may intervene to control monopolies' quality   standards checkscontrolsreferences and   businesspricecostrevenue regulation. Anti-  takeoversmergerstrustcompetition laws are used by government to promote   inefficiency profitability competition efficiency and contestability. Price freeze can be implemented to curb  costsinflation qualityprofits.  Symmetric Asymmetric Perfect Quality information and regulatory   capturerulespoliciesconstraints are major challenges to government intervention. In some cases, government will   privatise nationalise regulate merge privately owned firms so that they become state  ownedconstraintspropertyliabilities.

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

Pass Mark
72%