Canadian governments (federal,provincial and municipal)employ public ownership or regulation of industries in an effort to

Question

Quizplus · Accepted Answer

Public ownership or regulation of industries is used to protect consumers from the high prices and restricted output associated with monopoly power. This is achieved by setting price and output levels to ensure a fair market and prevent firms from exploiting their market power. By doing so, consumers benefit from lower prices and greater access to goods and services, while firms are prevented from obtaining excessive profits at the expense of consumers.

Canadian Governments (Federal,provincial and Municipal)employ Public Ownership or Regulation of Industries