The radio spectrum is a limited resource that must be shared by everyone. During most of the twentieth century, governments and international organizations have regulated most of the radio spectrum. This regulation controls the utilization of the radio spectrum, in order to prevent interference among different users. A company that wants to use a frequency range in a given region must apply for a license from the regulator. Most regulators charge a fee for the utilization of the radio spectrum and some governments have encouraged competition among companies bidding for the same frequency to increase the license fees.