Of course, it is also possible that governments may regulate markets that are viewed as competitive currently but unable to sustain competition, and thus low cost production, over the long run. A...

Of course, it is also possible that governments may regulate markets that are viewed as competitive currently but unable to sustain competition, and thus low cost production, over the long run. A version of this justification for regulation is that the government controls a feature of the economy that the market mechanisms of competition and pricing could not manage without help.