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The public often protests when an unregulated service

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The public often protests when an unregulated service [#permalink] New post 28 Apr 2012, 18:58
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75% (01:57) correct 25% (01:29) wrong based on 214 sessions
The public often protests when an unregulated service industry is found to be corrupt.
However, regulation often leads to increased costs for the consumer. Fewer companies
survive in a regulated market, leading to decreased competition and higher prices. The public
then responds negatively to the increased costs of these services. The statements above best
support which of the following?
A) Service industries should not be regulated.
b) The public should not protest unregulated services.
c) Only unregulated services are subject to public protest.
d) The public is sometimes the cause of its own complaints.
e) Decreased competition always leads to increased prices



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Re: The public often protests when an unregulated service [#permalink] New post 05 Nov 2013, 03:35
Answer is D. Thanks to all the cranky people in the world :D
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Re: The public often protests when an unregulated service [#permalink] New post 25 Jul 2014, 23:23
GetThisDone wrote:
The public often protests when an unregulated service industry is found to be corrupt.
However, regulation often leads to increased costs for the consumer. Fewer companies
survive in a regulated market, leading to decreased competition and higher prices. The public
then responds negatively to the increased costs of these services. The statements above best
support which of the following?
A) Service industries should not be regulated.
b) The public should not protest unregulated services.
c) Only unregulated services are subject to public protest.
d) The public is sometimes the cause of its own complaints.
e) Decreased competition always leads to increased prices


Only D and E are close.
E) cannot be correct as as stimulus
Fewer companies survive in a regulated market, leading to decreased competition and higher prices.
So Survival of fewer companies lead to higher prices.
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Re: The public often protests when an unregulated service   [#permalink] 25 Jul 2014, 23:23
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