How might government regulations impact each group?
Can you think of any recent examples of government regulation of business?
- Describe characteristics and give examples of monopolistic competition
- Explain how firms compete without lowering prices
- Understand how firms in a monopolistcally competitive market set output
- Describe characteristics and give examples of oligopoly
- Understand how firms use market power
- List three market practices that the government regulates or bans to protect competition
- Define deregulation and list its effects on several industries
and there is another one attached you have to answer the questions