Th1.4: Advantages of Regulation Flashcards

1
Q

What is the advantage of regulation?

A

ensure consideration of externalities, prevent exploitation of consumers and keep consumers fully informed

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
1
Q

What will this help achieve?

A

overcome market failure and maximise social welfare

How well did you know this?
1
Not at all
2
3
4
5
Perfectly