Go to the internet and find a news article published within the last three months that discusses perfect competition, summarize key points and post in the Discussions area. Solution The Trump Administration’s Incoherent Stance on Competition By JONATHAN TAPLINNOV. 28, 2017 The article discusses the stance of Trump administration on competition. The FCC has indicated that it will end net neutrality, which ensure equal access to the internet for all websites. If net neutrality is ended, than large internet service providers like Comcast, Verizon and AT&T will be able to charge additional fees for high-quality streaming and choose the content that the data plans will offer. This move will affect smaller internet service providers who cannot pay the fees. In perfect competition, the individual firms are price takers and all firms charge identical prices. This cannot happen in case net neutrality is eliminated..

1. gulation applies to businesses throughout regulation applies to specific industries, whereas the
economy. Governments commonly regulate the prices and quality of services provided by
electric, gas, and other utilities, which traditionally have been considered monopolies.
Governments also single out various nonmonopolistic industries, such as the financial and
transportation industries, for special forms of regulation. Among the common forms of
regulation covering all industries are the occupational, health, and safety rules that federal and
state governments impose on producers.
Solution
Economic regulation applies to specific industries, whereas social regulation applies to
businesses throughout the economy.
Government commonly regulate the prices and quality of services provided by electric, gas and
other utilities which traditionally have been considered natural monopolies.
Governments also single out various non-monopolistic industries , such as the financial and
transportation industries for special forms of geographic regulation.
Among the common forms of technological regulation covering all industries are the
occupational health and safety rules that federal and state governments impose on producers.