Economics Department

Competition policy and privatisation

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Privatisation

1)      How successful has privatisation been in the UK?                           

(20 marks)

2)      "Privatisation of utilities such as gas and water creates few benefits to consumers. Instead of a state monopoly acting in the public interest there is a private monopoly which then requires regulation. Industries such as these should be renationalised." Discuss.                                                                             

(20 marks)

3)      Should there be any limits on privatisation?                                     

(20 marks)

Competition Policy

1) Examine the advantages and disadvantages of the UK approach to control of monopolies and restrictive practices.                                            

(20 marks)

2) Do the recent changes in UK competition policy go far enough?      

(20 marks)