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From course:

Economics A Level (DONEEEEEEE)

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Question:

What Markets would have their own Regulating Bodies?

Author: eric_galvao



Answer:

-Common in Monopolistic or Oligopolistic Markets -In the UK, you have OFWAT for the Water Industry. OFCOM for the Communication Industry. OFGEM for the Gas and Electricity Markets -They can Regulate Prices, Product Safety and allow Competition


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