18 a) In Malaysia, the Federal Government has deregulated the telecommunications market to allow other firms
like Digi and Maxi to enter the telecommunications market as competitors. In what ways it has
generally
benefitted the consumers and the government ?
[5]
b) How effective is the ACCC (in Australia ) in eliminating the anti-competitive practices ?
[5]
c) Government intervention in the free market is to address the social and economic injustice.
State one way in which each of these situations has been addressed.
i) Income inequality
ii) Undesirable goods
iii) Monopoly power
iv) Externalities
v) Asymmetric information
[ 10 ]