Which is not a justification for deregulation?
A) free markets can provide more benefits to the society than regulated ones
B) liability law can be used to ensure safety in many aspects of life
C)there is great potential for the private sector to engage in self-regulation
D)society can be trusted in many respects to produce socially optimal outcomes

Question

Quizplus · Accepted Answer

Deregulation is often justified by the belief that free markets, liability laws, and self-regulation can lead to better outcomes. However, trusting society to always produce socially optimal outcomes is not a typical justification for deregulation, as it assumes an ideal scenario without market failures or externalities.

Which Is Not a Justification for Deregulation