Question

Which of the following statements represents the pros and cons of Internet regulations?

Answer 1

Regulatory practices provide more security for the consumer but may create monopolies in the industry, reducing consumer choice.

Step-by-step explanation:

edg2021

Internet regulations increase net security but could lead to monopolizing of services. Properly done, Internet regulations benefit industry, government, and consumers by providing more online security, regulating prices for services, and decreasing liability. However, some regulations could also lead to unfair service practices, slow technological advances, and possibly contribute to technology monopolies.

Answer 2

Internet regulations increase net security but lead to monopolizing of services.

Step-by-step explanation:

Internet regulations can be defined as standard rules or laws that restricts or control the use of the internet, as well as stating the acceptable usage of the internet in a particular location.

The pros and cons of Internet regulations is that, Internet regulations increase net security through the use of encryption and authentication proceses but lead to monopolizing of services.

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

For example, a public power company is an example of a monopoly because they serve as the only source of power utility provider to the general public in a society.