Government Regulation chapter of Business
In This Chapter
• Regulation in a free enterprise system
• Why regulate prices?
• Government regulation of monopolies and other forms of unfair competition
• Remedies for anticompetitive behavior
In this chapter we’re going to explore the way government, particularly the federal government, regulates business. The government regulates business for many reasons, most of which are focused on providing the most competitive environment possible for business. The intent is to create a business environment that benefits the consumer by providing better goods at a lower cost.
Regulation Versus Free Enterprise
The Supreme Court has held that the federal government may regulate business for any reason ...