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Business, 14.02.2020 01:03 ayoismeisalex

Command and control (sometimes called direct control) is when the government passes legislation specifically regulating an activity, typically because the activity leads to market failure. Classify each statement about this type of regulation as either true or false. Classify each statement.
True False
Answer Bank
1. Under command and-control regulation, the government has the option to specify the technology that firms must use in production.
2. Command-and-control situations are always the best option when it comes to reducing the amount of pollution.
3. Command and control is more flexible than market based regulation.

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