In order to encourage competition in the phone industry, the regulators have ordered BT to keep its wholesale prices________ than it would wish and its prices to the public________than it would wish.

Question

Quizplus · Accepted Answer

To encourage competition, regulators would want BT to charge other providers less (lower wholesale prices), making it cheaper for them to access BT's network, and charge consumers more (higher prices to the public), discouraging monopoly pricing and encouraging consumers to consider alternatives.

In Order to Encourage Competition in the Phone Industry, the Regulators