Question 1 - interstate and intrastate
Why are interstate and intrastate telecommunications regulated by different agencies?
Question 2 - revenue requirement
What do the terms revenue requirement, rate base, rate of return, price cap really mean and how do they apply to telecommunications?
Question 3 - rate-of-return regulation
Give a formula for rate-of-return regulation and explain its advantages and disadvantages.
Question 4 - Plant depreciation and rate-of-return regulation?
How is plant depreciation handled in rate-of-return regulation?
Question 5 - Price Cap Regulation
Give a formula for price-cap regulation and explain its advantages and disadvantages