Governments influence the ways in which businesses operate as they look to regulate and promote equal and fair competition. The wireless services industry in Canada is highly competitive as many, if not all Canadians have a mobile device. An article written by the Globe and Mail states that “although the Canadian Radio-television and Telecommunications Commission has no intention of regulating consumer prices for cellular services, it is taking note of the market's growing importance.” This is something that should be monitored and supervised as many large companies such as Bell and Rogers could shut down all present or future competition for other businesses who are looking to get started. If government regulators promote fair and equal competition with the wireless services industry other small businesses could begin to flourish in the …show more content…
It is fairly difficult to open a business when other large businesses are at the top as they control most of the power in the industry. An example that could arise is that these businesses in power lower their prices significantly so that small businesses attempting to compete cannot afford to put these low prices on their products, therefore, going out of business. Large companies can afford to do this to drive away the competition, however, this would be against the Competition Act. The textbook outlines that the CRTC is facing regulation as there are technological advances to which the CRTC cannot stay up to date with. With proper regulation of any government regulator, individuals should be able to feel safe, derive from unfair pricing and be told the truth. Customers should be able to enter and leave an enterprise feeling safe and secure. They should have a right to safe products and they should be informed about anything having to do with a product. They should receive fair and equal pricing as everyone should be getting charged roughly the same price. If