Multiple Choice
The public interest theory of industrial regulation contends that
A) while industrial regulation is sound in theory, bureaucrats allow monopolists to obtain excessive profits.
B) regulated monopolies are tantamount to legal cartels.
C) the objective of regulation is to protect the public from the market power inherent in natural monopolies.
D) firms in some industries want to be regulated.
Correct Answer:
Verified
Correct Answer:
Verified
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