Asked by
Megan Troxler
on Nov 26, 2024
Verified
The optimal amount of social regulation occurs where the marginal benefit of such regulation
A) equals the marginal cost.
B) exceeds the marginal cost by the greatest amount.
C) is zero.
D) is at its maximum.
Marginal Benefit
The enhanced utility or pleasure that comes from acquiring or making an additional unit of a good or service.
Social Regulation
Laws and rules designed to correct behaviors and practices that affect public welfare, including environmental protection, health, and safety standards.
- Comprehend the objectives and differences between social and industrial regulation.
- Understand the notion of social costs and benefits associated with regulatory compliance and its influence on small compared to large firms.
Verified Answer
SJ
Learning Objectives
- Comprehend the objectives and differences between social and industrial regulation.
- Understand the notion of social costs and benefits associated with regulatory compliance and its influence on small compared to large firms.
Related questions
Social Regulation Differs from Industrial Regulation in That ...
Critics of Social Regulation Argue That It ...
Government Regulation of Firms' Prices or Rates in Selected Industries ...
Which One of the Following Is Concerned with Social Regulation ...
Congressional Representatives Have Called for Extensive Ergonomics Regulations to Reduce ...