Critics of social regulation would argue that it
A)decreases prices.
B)increases output.
C)increases competition.
D)decreases product innovation.

Question

Quizplus · Accepted Answer

Critics of social regulation argue that it can stifle creativity and innovation within industries by imposing strict rules and standards that limit the ability to develop new and innovative products. This can lead to decreased product innovation as companies may find it more challenging to introduce new products that comply with these regulations.

Critics of Social Regulation Would Argue That It