One Problem Associated with Public Regulation of Industries Has Been

Multiple Choice

One problem associated with public regulation of industries has been the tendency for

A) regulators to set prices below average variable costs.
B) most regulatory agencies to be incapable of carrying out their duties.
C) regulatory commissions to accommodate the requests of the businesses they are supposed to regulate at the expense of the public.
D) regulatory agencies and legislation to be ruled unconstitutional by the courts.
E) public regulation to be introduced in markets characterized as natural monopolies, where such regulation is least appropriate.