DOMINANT FIRMS
Section Content
INTRODUCTION TO DOMINANT FIRMS - Definition and meaning of market dominance and dominant firms
REASONS FOR MARKET DOMINANCE
- Reasons for initial and long term market dominance by firms
IMPACT OF MARKET DOMINANCE ON CONSUMERS- The positive and negative effects on consumers resulting from market dominance
IMPACT OF MARKET DOMINANCE ON PRODUCERS (SUPPLIERS)- The positive and negative effects on producers (suppliers) resulting from market dominance
FORMS OF CONTROL/REGULATION- Government intervention to correct for issues associated with market dominance
- The role and powers of the Office of Fair Trading (OFT) and Competition Commission - The role and powers of industry regulators such as Ofgem ARGUMENTS FOR CONTROL/REGULATION- Economic arguments to justify government intervention in markets where there are dominant firms
ARGUMENTS AGAINST CONTROL/REGULATION- Economic arguments against government intervention in markets where there are dominant firms
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AQA Web Resources
- Ofcom and Sky Sports #1
- Ofcom and Sky Sports #2 - The games console market - Supermarkets’ pricing #1 - Supermarkets’ pricing #2 - Microsoft and web browsing - Kraft/Cadbury takeover - Gas and electricity prices #1 - Gas and electricity prices #2 - Train fares Useful Resources
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