A Major Criticism of Industrial Regulation Is That

Multiple Choice

A major criticism of industrial regulation is that

A) it has been applied to virtually all major U.S. corporations in the post-Second World War period.
B) marginal cost pricing has created an underallocation of resources.
C) by allowing a fair return price, it gives natural monopolists little incentive to contain costs.
D) regulatory commissions have frequently caused natural monopolies to go bankrupt.