One cannot categorize the regulation on that scale because, if capacity is fixed, consumers suffer, in total, a constant wait time varying according the volatility of usage. The network always adjusts buffer usage to maximize link efficiency.
In the dynamic, regulations can incur a bias in the industry that causes continual increase or decrease in capacity. No one is looking at the dynamics, me neither because it is one of those things, like corporate taxes, leave well enough alone.
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