Asked by
Ethan Whitlow
on Nov 26, 2024Verified
An example of a government organization involved primarily in public regulation or industrial regulation of natural monopolies would be the
A) Food and Drug Administration.
B) Environmental Protection Agency.
C) Federal Energy Regulatory Commission.
D) Occupational Safety and Health Administration.
Public Regulation
Public regulation involves government intervention in the market to correct market failures, protect consumers, and achieve social goals.
Industrial Regulation
Governmental policies and laws aimed at controlling or guiding business practices in specific sectors to ensure fair practices, safety, and competition.
- Understand the role of government organizations in the regulation of natural monopolies.
Verified Answer
ON
Learning Objectives
- Understand the role of government organizations in the regulation of natural monopolies.