The question of whether free or regulated markets are better for society lies at the heart of much scholarly controversy. Why do many economic sociologists find this division too simplistic?
A) Regulation is not an either/or issue but a matter of degree.
B) Markets are regulated in the same way for all groups.
C) The costs and benefits of regulation are distributed in one way.
D) Some markets are neither free nor regulated.

Question

Quizplus · Accepted Answer

Regulation is a complex issue that involves varying degrees of control rather than a binary choice between free or regulated markets, making the division too simplistic for many economic sociologists.

The Question of Whether Free or Regulated Markets Are Better