Industrial regulation generally applies in cases where

A) society would benefit if a monopoly is prevented from evolving in a certain market.
B) a monopoly already exists, and the government believes that society would benefit if it is dissolved.
C) there is an economic reason for an industry to be organized as a monopoly.
D) foreign competition in the form of imports is prevalent in the market.

Industrial Regulation

Laws and regulations that control how businesses can operate in certain industries to protect public safety, health, and the environment.

Economic Reason

Economic reason involves the rationale or logical basis behind economic decisions, focusing on the optimization of resource use to achieve specific monetary or utility outcomes.

Foreign Competition

The presence and influence of international companies in domestic markets, challenging local businesses.