1.In ?what ?ways ?and ?why ?does ?the ?government ?still ?regulate ?the ?bus ?transport ?industry ?in ?Zambia ?? ?Is ?the ?public ?bus ?transport ?a ?competitive ?market? ?Explain ?your ?answer ?by ?referring ?to ?the ?factors ?you ?would ?consider ?to ?determine ?whether ?the ?public ?bus ?transport ?industry ?is ?a ?competitive ?market ?or ?not ?
2. Suppose ?provision ?of ?public ?transport ?is ?done ?in ?a ?competitive ?market ?in ?Zambia, ?Illustrate ?with ?the ?help ?of ?a ?well ?labelled ?diagram ?the ?social ?benefits ?of ?having ?bus ?transport ?provided ?in ?a ?competitive ?market ?as ?opposed ?to ?a ?government ?monopoly ?(Refer ?to ?changes ?in ?price, ?quantity ?and ?deadweight ?loss) ?
3. With ?the ?private ?sector ?providing ?the ?bus ?transport ?service, ?their ?sole ?motive ?is ?profit ?maximization. ?One ?way ?operators ?can ?achieve ?this ?objective ?is ?to ?attract ?demand ?to ?its ?service. ?Explain ?observable ?ways ?that ?bus ?operators ?in ?Zambia ?employ ?to ?attract ?demand ?to ?their ?service ?and ?thus ?increase ?their ?revenues ?and ?profits
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