You have read about various aspects of the social regulation debate. Consider an example of social regulation that you know about. With reference to that example, post a response to the following:
- Describe the marginal costs and benefits of social regulation in your example. Is social regulation economically justifiable in this case? Give reasons for your answer.
- Which side of the social regulation debate do you agree with? Do you think social regulation is costlier than the benefits it entails, or vice-versa? Give arguments to support your answer.