The costs associated with regulation are a source of government failure.

Question

Quizplus · Accepted Answer

Regulation can often impose high costs on businesses and consumers, which may ultimately harm the economy and lead to inefficiencies. Additionally, regulatory agencies may become captured by the industries they are supposed to regulate, leading to inadequate or ineffective regulation that fails to achieve its intended goals. These factors can contribute to government failure.

The Costs Associated with Regulation Are a Source of Government