Which of the following is correct?
A) In a competitive market, the firm will bear the costs of a legislated increase in safety regulations.
B) In a competitive market, imposing safety regulation is easy since all firms will adopt it right away due to the market competition.
C) In a competitive market, a legislated increase in safety will drive some firms out of the business.
D) In a competitive market, the application of uniform safety standard will not help weed out the firms that have low safety technologies.
E) In a competitive market, a legislated increase in safety will make people better off.

Question

Quizplus · Accepted Answer

The Answer of Which of the following is correct?
A) In a competitive market, the firm will bear the costs of a legislated increase in safety regulations.
B) In a competitive market, imposing safety regulation is easy since all firms will adopt it right away due to the market competition.
C) In a competitive market, a legislated increase in safety will drive some firms out of the business.
D) In a competitive market, the application of uniform safety standard will not help weed out the firms that have low safety technologies.
E) In a competitive market, a legislated increase in safety will make people better off.

Which of the Following Is Correct