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Author Question: There has been a trend toward less government regulation and ownership in oligopolistic industries ... (Read 100 times)

Apple716

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There has been a trend toward less government regulation and ownership in oligopolistic industries in most industrialized countries since the 1980s. One reason for this is
◦ policymakers realized that they did not have effective tools for promoting efficiency.
◦ policymakers came to understand that many oligopolistic firms were producing output levels that resulted in allocative efficiency.
◦ policymakers came to understand that many oligopolistic firms were operating at their minimum efficient scale, thereby producing an efficient outcome.
◦ domestic firms are now exposed to more international competition due to falling transportation and communication costs.
◦ Canada's Competition Bureau, and similar agencies in other countries were so successful at promoting competition that such regulation is no longer required.


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Marked as best answer by Apple716 on Oct 12, 2022

dadgoere765

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Apple716

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)


triiciiaa

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Reply 3 on: Yesterday
Wow, this really help

 

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