Which of the following is NOT a reason for the government to regulate a nonmonopolistic industry?

Question

Quizplus · Accepted Answer

All other options (asymmetric information, protecting consumer interests, and market failures) could be valid reasons for government regulation in a nonmonopolistic industry. However, regulating the industry to allow firms to achieve the profit maximizing output goes against the purpose of regulations, which is to protect public interest and welfare rather than assisting firms in maximizing profits.

Which of the Following Is NOT a Reason for the Government