Regulatory agencies engage in all of the following activities except _______.
A) controlling entry into the regulated industries
B) overseeing the quality of service provided by the firms
C) setting federal and state income tax rates on regulated firms
D) setting prices that consumers will pay
E) none of the above

Question

Quizplus · Accepted Answer

Regulatory agencies are responsible for controlling the behavior of companies in regulated industries, overseeing the quality of their services, and setting prices that consumers will pay. However, they do not have the authority to set federal and state income tax rates on regulated firms. This responsibility falls under the jurisdiction of the legislative and executive branches of government.

Regulatory Agencies Engage in All of the Following Activities Except