Examine the case for public ownership of an industry where a natural monopoly exists.
Answer to relevant QuestionsPrice-cap regulation was abandoned in the gas and electricity industries because the regulator (Of gem) felt that there was sufficient competition. Consider whether this was a wise decision.For what possible reasons may one country experiences a persistently faster rate of economic growth than another?Imagine that you had to determine whether a particular period of inflation was demand-pull, or cost-push, or a combination of the two. What information would you require in order to conduct your analysis?In what way may short-term demand-management policies help to stabilise the economy? What problems occur in the use of such policies?What is meant by the terms narrow money and broad money? Does broad money fulfill all the functions of money?
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