b. Long-Run Investment
c. Very Long-Run Innovation
d. Problems with Regulations
2. Regulation of Oligopolies
a. Skepticism About Government Direction
a. Oligopolies and Innovation
b. “Capture” of Regulatory Bodies
b. Deregulation and Privatization
c. Rising Corporate Concentration
E. 12.3 Canadian Competition Policy
- The Canadian Competition Act of 1986
- The Reforms of 2009
- Future Challenges
F. Summary - 12.1 Productive and Allocative Efficiency LO 1, 2
- 12.2 Economic Regulation to Promote Efficiency LO 3
- 12.3 Canadian Competition Policy LO 4
G. Key Concepts
H. Study Exercises - Fill-in-the-Blank
- Review
- Problems
- 13 How Factor Markets Work
A. Chapter Outline
B. Learning Objectives (LO)
C. 13.1 The Demand for Factors - Marginal Revenue Product