Which of the following statements can correctly be made about social regulation? I. Extensive social regulation may have an anticompetitive effect.
II) The benefits of social regulation are easier to measure than are the costs of social regulation.

Question

Quizplus · Accepted Answer

Statement I is true as extensive social regulation, such as strict licensing requirements, can create barriers to entry for new firms and limit competition. Statement II is false as the costs and benefits of social regulation can be difficult to measure and are often subjective.

Which of the Following Statements Can Correctly Be Made About