1The public interest theory of regulation holds that
Group of answer choices
regulators are seeking to do and will do through regulation whatis in the best interest of the public or society at large.
even though regulators seek to do what is in the best interestof the public at large, through regulation they end up doing whatis in the best interest of the special interests of the industrythat is being regulated.
even though regulators seek to do what is in the best interestof special interests of the industry that is being regulated,through regulation they end up doing what is in the best interestof the public at large.
regulators are seeking to do and will do through regulation whatis in the best interest of the special interests of the industrythat is being regulated.
2The Herfindahl index measures the
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degree of concentration in an industry.
size of a market in terms of total dollar sales.
degree to which average variable cost is higher than averagefixed cost at every level of output.
the amount of deceptive and false advertising in anindustry.
none of the above
