A major difference between industrial regulation and social regulation is that industrial regulation

A) covers many industries across the economy.
B) has expanded rapidly since the 1970s.
C) is targeted at the prices charged, the costs of production, and amount of profit.
D) focuses on product design, employment conditions, and the production process.

Industrial Regulation

Governmental regulation of industries to ensure competition, control prices, prevent monopolies, and protect consumers.

Social Regulation

A form of government intervention in the private sector that aims to protect public welfare, health, safety, and the environment.

Costs Of Production

The total expenses incurred by a company to manufacture a product or provide a service, including materials, labor, and overhead.