Which of the following is not an argument for regulation of accounting information by pro-regulation proponents?

Question

Quizplus · Accepted Answer

Pro-regulation proponents argue that regulation is necessary to prevent market failure and under-supply of accounting information. They also argue that regulation is needed because free riders cannot be made to pay for the production of information and that the price system cannot function properly if non-purchasers are not excluded. However, they do not argue that regulation is needed to prevent wasteful over-supply of information, as this is not typically seen as a problem in the accounting information market.

Which of the Following Is Not an Argument for Regulation