Many economists argue that the Food and Drug Administration's involvement in the drug industry has endangered the U. S. population's health and reduced competition. This situation illustrates that A. overregulation by the federal government can prevent doctors from offering low-cost treatments.
B. federal government regulations ensure that all citizens receive the medicine they need.
C. additional federal government regulations benefit both the public and private sectors.
D. overregulation by the federal government can be more harmful than helpful.

B.

Explanation:

The Food and Drug Administration (FDA) is an agency that was formed by the US government in 1906. The agency began with the enactment of the Pure Food and Drugs Act, 1906. The agency was created under this law.

The purpose of creating FDA was to ensure the safety of public health, to overregulate the foods are safe and not adulterated. It also serves the purpose of ensuring that the drugs and medicines are safe for the consumption and effective.

So, the creation of FDA actually disabled aand banned the competition in the medical field and ensured that all citizens receive the medical care and attention they need.

Therefore, the correct answer is option B.

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