Economists generally oppose direct regulation because:
A) it is unlikely to achieve the desired end as efficiently as possible.
B) it assumes that people behave rationally.
C) it is generally unfair.
D) it does not assume that people behave rationally.

Question

Quizplus · Accepted Answer

Direct regulation is often seen as inefficient because it does not allow for flexibility and market mechanisms to achieve outcomes at the lowest cost.

Economists Generally Oppose Direct Regulation Because