The purpose of regulatory policy is to
A) maximize the number of firms in an industry.
B) promote more consumer choices and lower prices.
C) ensure that the most efficient industry standard is maintained in an industry.
D) ensure that firms earn an acceptable, but not excessive, rate of profit.

Question

Quizplus · Accepted Answer

Regulatory policy aims to protect consumers by promoting competition, which can lead to more choices and lower prices.

The Purpose of Regulatory Policy Is to