1. 1What should be regulated? As noted in class, there have been recent trends of less economic regulation and more social regulation. In part, these trends have been based on recommendations of economists working in these areas. Despite some inroads in developing methods to determine what markets should or should not be regulated, there are still controversial areas. Comment and recommend on the need for more regulation, or the reduction of elimination of regulation in the following markets. Please give the reasoning behind your recommendations. a. Cable television.b. Securities markets.c. Electricity.d. Taxicabs and jitneys.e. The public accounting industry.