Which is not a result of regulation, or government intervention in a market? lowering the costs of production of a good influencing the price of a good affecting the quality of a good governing the quantity of a good

Question

Social Studies

Alma Choi

28 March, 21:33

Which is not a result of regulation, or government intervention in a market? lowering the costs of production of a good influencing the price of a good affecting the quality of a good governing the quantity of a good

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Answers (1)

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Ralph Herring · Answer 1

Lowering the costs of production of a good.

Explanation:

This is the only element that would not be the result of regulation or government intervention in a market. The government can influence the price of a good by implementing price floors and price ceilings. The government can also introduce regulations that control the quality of a product. Finally, the government can control the quantity of a good produced through quotas. However, the government cannot control the costs of production of a good.