ILO:
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a) Government intervention to control mergers
b) Government intervention to control monopolies: o price regulation o profit regulation o quality standards o performance targets |
c) Government intervention to promote competition and
contestability:
o enhancing competition between firms through promotion of small business o deregulation o competitive tendering for government contracts o privatisation d) Government intervention to protect suppliers and employees: o restrictions on monopsony power of firms o nationalisation |
Government & European intervention
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Explain how the Government can control mergers.
(5 marks)
Sainsbury’s/Asda merger: our investigation, explained
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Explain how the EU can control mergers.
(5 marks)
Brussels breaks up Hutchison’s O2 move | Lex
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Controling Monopolies
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Assess using an appropriate diagram the benefits of the following regulation:
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Britain fines Pfizer record 98-million euros for huge drug price hike - economy
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Promote competition and contestability
1. Using an appropaite diagram explain the benefits of increased competition in the market for consumers?
2. Using an appropriate diagram explain the importance of contestability even if competition does not exist?
3. How would the following techniques encourage greater levels of competition or contestability?
o enhancing competition between firms through promotion of small business
o deregulation - wiki
o competitive tendering for government contracts
o privatisation
2. Using an appropriate diagram explain the importance of contestability even if competition does not exist?
3. How would the following techniques encourage greater levels of competition or contestability?
o enhancing competition between firms through promotion of small business
o deregulation - wiki
o competitive tendering for government contracts
o privatisation
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Elizabeth Warren Explains The Effect That Deregulation Has Had On Our Financial System and Economy
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Why Carillion went into liquidation
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Protecting employees
Assess how effective Government intervention is in labour markets to protect employees? (10/12 marks)
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Sports Direct promise no more zero hours contracts for staff
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Sports Direct founder questioned over exploitation allegations
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Protecting suppliers
Assess how Government's can effectively protect suppliers in a monopsony situation. (10/12 marks)
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How have supermarkets changed UK dairy farming? | Geography - Mud, Sweat and Tractors
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Morrisons "Milk for Farmers" and life on a Tesco dairy contract.
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Nationalisation
Assess if the Government should re-
nationalise
the railways? (15 marks)
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Why did we sell off the railways? | FT Feature
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Why are Britain’s trains so bad - could nationalisation fix them?
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