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Answer to Question #49622 in Economics of Enterprise for ObiJuru

Question #49622
Has regulation cut costs or cut competition?
Expert's answer
Instead of promoting genuine competition, regulated pricing only enhances the monopoly power of producers and obscures the factors inflating costs that are in true need of reform. Rather than reserving care for the needy, the resulting artificial scarcity tends to make health care more of an exclusive privilege than ever before.

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