The type of regulation that attempts to keep prices and the rate of return in an industry at a competitive level is referred to as

Question

Quizplus · Accepted Answer

Rate-of-return regulation is the type of regulation that attempts to keep prices and the rate of return at a competitive level. This regulation sets the maximum price that a firm can charge and sets a target rate of return that the firm can earn. The purpose of this regulation is to avoid excessive profits and ensure that prices are reasonable and affordable for consumers.

The Type of Regulation That Attempts to Keep Prices and the Rate