Terms
7 new/unreviewed 7 total
Term
Direct cost
Definition
(Regulators)Admin cost - collection and examination of info required
New/Unreviewed
Term
Direct cost
Definition
(Consumers)- Regulated firms complying + consumers absorb costs in form of tax
New/Unreviewed
Term
Indirect cost
Definition
CIR (competition falls, innovation falls, responsibility of professionals falls)
New/Unreviewed
Practice Tests
0 total
(None) Completed practice tests will show up here