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Determine the type of market

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The Federal Government is extending the regulatory reach of federal agencies. State governments impose regulations upon businesses and industries within their boundaries and local governments have regulations that affect businesses and industries.

There is a huge debate over how much government intervention and control should exist in a free market system. For this discussion, in your initial post:

1, State the name of the company in a key industry and determine the type of market you believe it to operate in (perfectively competitive, monopolistically competitive, oligopoly, monopoly).

2. Next, consider the federal, state, and local government regulations applicable to this firm and discuss the following: (Be sure you explain your answers)

A) How is this business or industry affected by regulation by a government agency?

B) Should this industry have more government regulation or less? Support your opinions.

C) Do businesses/industries want to be regulated by some government agency?

D) Does government regulation increase costs to those being regulated?

E) Do government regulations affect employment?

F) Do government regulations have a positive or negative impact upon economic activity?

Please answer all of the questions, if you can not answer all of the questions do not reply.

Reference no: EM131605644

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