Explain the following. Commercial consideration vs scientific judgement in approving drugs by FDA Public-interest Theory vs Private-interest Theory of regulation Regular monopoly vs. natural monopoly Economic Regulation vs Social Regulation What are the features Glass-Steagall Banking Act. Which parts were repealed subsequently? How did that lead to 2008 Financial Crisis? What are the criticisms of regulation? Explain deregulation. Explain the impact of deregulation.
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