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:
- 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).
- Next, consider the federal, state, and local government regulations applicable to this firm and discuss the following: (Be sure you explain your answers)
- 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?
Note: Remember to insert a meaningful subject bar. Discussion Boards are heavily weighted towards your final grade in the course, so be certain you understand how you will be graded.
Because this is a college-level course, you are expected to post thorough, well-conceived college-level responses. Responses that consist of a sentence or two and say little more than, "I completely agree with what you said," will not receive credit. Be sure to make your initial post EARLY in the week.
When you reply to your peers, explain why you agree or disagree with their determinations as to market structure and regulation. Return often throughout the week to respond to your classmates.