Any regulatory policy should be evaluated based on the tradeoff between its benefits and costs.

Name: Any regulatory policy should be evaluated based on the tradeoff between its benefits and costs.
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Evaluating regulatory policies based on the tradeoff between their benefits and costs ensures that the policies are efficient, effective, and provide the greatest net benefit to society. This approach helps in making informed decisions that balance economic, social, and environmental objectives.

Any Regulatory Policy Should Be Evaluated Based on the Tradeoff