The principal objective of industrial regulation is to
A)increase product safety.
B)promote improvements in the quality of life.
C)protect the consuming public from the market power of natural monopolies.
D)solve problems associated with industry, such as the problems of water and air pollution.

Question

Quizplus · Accepted Answer

The principal objective of industrial regulation is to protect the consuming public from the market power of natural monopolies, ensuring fair prices and preventing the monopolies from exploiting their position.

The Principal Objective of Industrial Regulation Is to