Regulation of Markets and Competition Policy
Economics ⇒ Government and the Economy
Regulation of Markets and Competition Policy starts at 11 and continues till grade 12.
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See sample questions for grade 12
Define 'price ceiling' and give an example of its use in India.
Describe the difference between 'regulation' and 'deregulation' in the context of markets.
Explain the concept of 'barriers to entry' with reference to Indian industries.
Explain the concept of 'contestable markets' and its relevance to competition policy.
Explain the difference between 'horizontal' and 'vertical' agreements with examples.
Explain the role of government in regulating monopolies in India.
Explain the term 'market failure' and give one example relevant to the Indian economy.
Explain the term 'natural monopoly' with an example.
Explain the term 'public good' and provide an example relevant to India.
What is meant by 'abuse of dominant position' under the Competition Act, 2002?
What is meant by 'excessive pricing' and how can it harm consumers?
What is meant by 'price discrimination'?
What is the main objective of market regulation by the government?
What is the main purpose of anti-trust laws in India?
What is the purpose of merger control under the Competition Act, 2002?
What is the role of the Securities and Exchange Board of India (SEBI) in market regulation?
What is the significance of the 'relevant market' concept in competition policy?
