Regulation of business has the potential to yield economic benefits to society by:
A)increasing positive and negative externalities.
B)increasing the availability of substitutes.
C)restricting entry.
D)mandating economies of scale.

Question

Quizplus · Accepted Answer

Regulation can lead to economic benefits by increasing the availability of substitutes, which enhances competition and can lead to lower prices and more choices for consumers. Regulations can ensure that markets remain competitive and that monopolies or oligopolies do not limit consumer options.

Regulation of Business Has the Potential to Yield Economic Benefits