Legislation designed to regulate natural monopolies would be based on which theory of regulation?

Question

Quizplus · Accepted Answer

Public interest theory posits that regulation is supplied in response to the demand of the public for the correction of inefficient or inequitable market practices. It supports the idea that regulation of natural monopolies is necessary to protect consumers from the potential abuses of monopoly power, such as excessively high prices or poor service.

Legislation Designed to Regulate Natural Monopolies Would Be Based on Which