Critics of social regulation would argue that it

A) decreases prices.
B) increases output.
C) increases competition.
D) decreases product innovation.

Social Regulation

Rules imposed by government to correct market failures and promote social welfare, often relating to health, safety, and the environment.

Decreases Product Innovation

A situation where there is a decline in the introduction of new products or improvements to existing ones, often due to market conditions or external constraints.

Increases Competition

A market condition where there is a rise in the number of firms or the level of competition, leading to greater choice and potentially lower prices for consumers.