Asked by Camila Almeida on Jul 14, 2024
Verified
All of the following are regulatory commissions dealing with industrial regulation (as distinct from social regulation) except the
A) Food and Drug Administration.
B) Federal Energy Regulatory Commission.
C) Federal Communications Commission.
D) 50 state public utility commissions.
Industrial Regulation
Governmental regulation of industries to ensure competition, protect consumers, and maintain ethical and safe business practices.
Regulatory Commissions
Government agencies responsible for overseeing and regulating specific industries or economic sectors to ensure fair practices and protect public interests.
Food and Drug Administration
A federal agency of the United States responsible for protecting and promoting public health through the control and supervision of food safety, tobacco products, dietary supplements, prescription and over-the-counter pharmaceutical drugs, vaccines, biopharmaceuticals, blood transfusions, medical devices, electromagnetic radiation emitting devices, cosmetics, and veterinary products.
- Gain insight into the underlying principles and disapprovals of industrial regulation, notably the rationale for governing natural monopolies.
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Learning Objectives
- Gain insight into the underlying principles and disapprovals of industrial regulation, notably the rationale for governing natural monopolies.
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