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 to explain)
3. How is this business or industry affected by regulation by a government agency?
- Should this industry have more government regulation or less? Support your opinions.
- Do businesses/industries want to be regulated by some government agency?
- Does government regulation increase costs to those being regulated?
- Do government regulations affect employment?
- Do government regulations have a positive or negative impact upon economic activity?