One Problem Associated with Public Regulation of Industries Has Been

question 16

Multiple Choice

One problem associated with public regulation of industries has been the tendency for

• A) regulators to set prices below average variable costs.
• B) most regulatory agencies to be incapable of carrying out their duties.
• C) regulatory commissions to accommodate the requests of the businesses they are supposed to regulate at the expense of the public.
• D) regulatory agencies and legislation to be ruled unconstitutional by the courts.
• E) public regulation to be introduced in markets characterized as natural monopolies, where such regulation is least appropriate.

---

Definitions:

Attentional Capture

A phenomenon where an individual's attention is automatically drawn towards a particularly conspicuous or salient stimulus, often interrupting ongoing activities.

Voluntary Process

An action or operation that is performed intentionally or under conscious control.

Passenger

An individual who travels in a vehicle, like a car, plane, or train, but does not operate it.

Driving

The act of controlling and operating a vehicle.