Slide 1RPI – X Regulation Nick Crafts (University of Warwick) Slide 2 Regulation of Privatized Industries Regulate to prevent abuse of market power in cases of natural…

RPI â X Regulation Nick Crafts (University of Warwick) Regulation of Privatized Industries Regulate to prevent abuse of market power in cases of natural monopoly or high…

RPI â X Regulation Nick Crafts (University of Warwick) Regulation of Privatized Industries Regulate to prevent abuse of market power in cases of natural monopoly or high…

CHAPTER SIX CHAPTER SIX PRICES Equilibrium When demand meets supply Demand greater than supply â shortage Supply greater than demand - surplus Government interference with…

Policy Analysis Outline Welfare Analysis Consumer surplus Producer surplus Welfare consequences of minimum wage Wage subsidy as alternative to minimum wage Tortillas as a…