The Social Interest Theory of Regulation Is Defined as the

question 283

Multiple Choice

The social interest theory of regulation is defined as the

• A) use of regulations to maximize firms' profits.
• B) use of regulations to assure an efficient use of resources.
• C) removal of regulations on business activities.
• D) implementation and removal of regulations on the cable TV industry.
• E) use of rate of return regulation.

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Definitions:

Admissibility

The quality of being acceptable or valid, especially within the realm of evidence in legal proceedings, indicating whether evidence can be considered in court.

Deposed

To remove from office or power, often used in the context of legal or formal questioning to obtain testimony from a witness.

Product's Utility

The usefulness or functionality of a product in satisfying a consumer's need or want.

Unsafe Character

A term that may describe a person's disposition that poses a risk to themselves or others but is not widely used in a specific technical sense. (Assumed explanation as term is uncommon)