Firms and consumers react to economic regulation with creative responses that generate feedback effects which undermine the intent of the regulation.

Name: Firms and consumers react to economic regulation with creative responses that generate feedback effects which undermine the intent of the regulation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Regulations often lead to unintended consequences as firms and consumers find ways to adapt or circumvent rules, which can diminish the regulation's effectiveness.

Firms and Consumers React to Economic Regulation with Creative Responses