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1. Briefly describe the differences between antitrust policy (regulation by competition),economic regulation (regulation by industry), and social regulation
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Anstder Civenthat Social regulatis al about Correcting Foilures of the tegd) Syste m- mainly Ifa bility and tort lau topvet harms or to promote pPositve en usually avije Fvom failure in the market Social ve gulatign avoe baica For welPare public safety imedicaid Socia reg lationjncludes e nui vo h men tao Cantvo heat th on e being advevsting socia vegulation Involues the correction of x ternalities. The PYo hibito o the supply af ceitain good ov) Service unless inthe Possession ofapermit and Sa cety regulation, and restric tron and banni nq discrimination on vacet Skin COI oy re l ig(on ) se av na tional It了 inthe. e xample consu me poduct Saf-ety Commissian Foo d and Oru Adition safe ty and Health Ad mingea enuivo mental pvotection Socid vegu latianş A9en(Y (pa)oveE Conomic rejulation is defined as type of 9overnmenk regulation that sets prices or condition on entyy Of Firms înt-o an ind

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