Asked by
Cassie Mussatti
on Dec 19, 2024Verified
Social regulation differs from industrial regulation in that
A) social regulation applies to virtually all industries, while industrial regulation applies to a restricted number.
B) industrial regulation is involved in the details of the production process, while social regulation is not.
C) social regulation has expanded less rapidly in recent years than has industrial regulation.
D) industrial regulation regulates products, whereas social regulation regulates prices.
Industrial Regulation
Governmental regulation of industries to correct market failures, protect consumers, and preserve competitive markets.
- Absorb the rationale and differentiation between social and industrial regulation.
Verified Answer
ML
Learning Objectives
- Absorb the rationale and differentiation between social and industrial regulation.
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