What makes a regulatory Regime Transparent and Robust?

Expert Solution

Answer:
Regulatory regime is Transparent and Robust because of below mentioned reasons:

Technical standards which are being setup in regulation help in utilizing faster economies of scale. Which is benificial for both businesses and the country.
It strengethen the competition by handling the informations assymmetries especially when the product is complex. Because of above points it makes system robust as well.
Protect consumers even when this means less margin for the supplier.
Regulatory regime is transparent because same informations, rules and regualtions are being set for everyone, giving equal chances to all to perform better in the market.
Regulatory framework is been trial and tested by many players in the market, and if there is any loophole in it, it would be discovered soon and fixed making it more robust.

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Rahul Sunny answered 1 year ago

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