Which of the following is not a major criticism of social regulation?
A)It is anticompetitive.
B)It will increase product prices.
C)It will increase the rate of innovation in the economy.
D)It will impose a larger burden on small firms compared to large firms.

Question

Quizplus · Accepted Answer

Social regulation is often criticized for being anticompetitive, increasing product prices, and imposing a larger burden on small firms. However, increasing the rate of innovation in the economy is generally not considered a criticism of social regulation; in fact, in some cases, regulation can spur innovation by creating new market demands and standards that firms strive to meet.

Which of the Following Is Not a Major Criticism of Social