"Prior-approval" price regulation is known as "use-and-file" regulation.

Name: "Prior-approval" price regulation is known as "use-and-file" regulation.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Prior-approval regulation requires companies to seek approval from regulatory bodies before setting prices, while use-and-file regulation allows companies to file their proposed prices with regulatory bodies, who then have the option to take action if they deem the prices to be unreasonable.

"Prior-Approval" Price Regulation Is Known as "Use-And-File" Regulation