If ball-bearing producers support proposed regulation of their industry, then it is likely that
A)ball-bearing prices will decrease under regulation
B)profits of firms in the ball-bearing industry will decrease after regulation
C)ball-bearing producers are concerned about the best interests of the public
D)ball-bearing producers will not attempt to influence the adoption of the regulation
E)consumers of ball-bearings will suffer from the proposed regulation

Question

Quizplus · Accepted Answer

Ball-bearing producers supporting regulation likely indicates that the regulation will benefit them, possibly by reducing competition or increasing prices, which could negatively impact consumers.

If Ball-Bearing Producers Support Proposed Regulation of Their Industry, Then