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Public Interest Theory
A theory suggesting that regulations are created in response to the public's demand for fair and efficient markets.
Industrial Regulation
The older and more traditional type of regulation in which government is concerned with the prices charged and the services provided to the public in specific industries. Differs from social regulation.
Regulated Monopolies
Monopolies that are allowed to exist by the government but with restrictions and oversight to protect consumers' interests.
Structuralist
In economics, refers to a theory focusing on structural impediments to economic development, emphasizing the need for comprehensive reforms to overcome these barriers.
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