Based on the economic theory of regulation, what strategies might a regulated industry try when technology creates a lower-cost substitute to the regulated industry? What is the economic theory of...

Based on the economic theory of regulation, what strategies might a regulated industry try when technology creates a lower-cost substitute to the regulated industry?

What is the economic theory of regulation explanation for the deregulation of industries that occurred during the 1970s and 1980s?

Q14;

What information would you require to determine why an industry has remained regulated and, similarly, why an industry has been deregulated?

What are examples of anticompetitive practices that existed in healthcare before price competition occurred?