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The concentration game: Canada has an oligopoly problem--and we need to fix it Recommendations:
The Canadian wireless telecom can enter into the market to compete with other wireless providers. This will increase the supply of network services and reduce their demand. As a result, the network providers will reduce their prices to match those of the Canadian wireless provider.
Secondly, postal banking can be introduced. As a result, the banking market will self-regulate itself. The postal banking companies will create public good by pursuing their interests.
In addition, workers can form unions to be involved in policy formulation and decision-making. This will reduce the capitalist impact on economic growth, productivity, and labor.
How can we develop those arguments from the Managerial economics perspective?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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