The Public Interest Theory of Regulation

question 211

Multiple Choice

The public interest theory of regulation

• A)says that industries should be regulated to insure quality service at reasonable prices.
• B)says higher costs may not be passed through to consumers.
• C)protects industries from new competition.
• D)guarantees higher rates for natural monopolies.

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Definitions:

Parameters

Variables that are specified in the definition of methods/function, representing the data that needs to be passed into these methods/functions when they are called.

Abstract Method

A method declared in an abstract class that has no implementation and must be overridden by subclasses.

Private Modifier

A keyword in object-oriented programming languages that restricts the visibility of a class member, making it accessible only within the same class.

Concrete Class

A class in object-oriented programming that can be instantiated, as opposed to an abstract class, and provides implementations for all its methods.