Economics For Today
Economics For Today
10th Edition
ISBN: 9781337613040
Author: Tucker
Publisher: Cengage Learning
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Chapter 13, Problem 12SQP
To determine

Acceptability of the statement.

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Why does regulatory capture reduce the persuasiveness of the case for regulating industries for the benefit of consumers?
In some regulated industries, regulatory agencies pre-vented prices from falling, and as a result many firms opened for business in those industries. Is this kind of regulation competitive or anticompetitive? Is it a good idea or a bad one?
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