The theory of regulation developed to deal with "natural monopolies" is called
A) legal cartel theory.
B) public interest theory.
C) potential competition theory.
D) social regulation theory.

Question

Quizplus · Accepted Answer

The theory of regulation developed to deal with "natural monopolies" is called the public interest theory. This theory suggests that the government should regulate natural monopolies to ensure that they operate in the best interests of the public, rather than focusing solely on maximizing profits.

The Theory of Regulation Developed to Deal with "Natural Monopolies