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Those regulations are intended to maximize profits globally at the expense of decreasing them locally.
by Godel_unicode 10y ago
Those regulations are intended to maximize profits globally at the expense of decreasing them locally.
- aninhumer 10y agoNo, they're intended to maximise utility. Profits may or may not correspond to utility, depending on the nature of the market. And indeed, many regulations are intended to work by improving that correspondence (by internalising externalities).