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In the 1960s and 1970s the U

Question 3

Multiple Choice

In the 1960s and 1970s the U.S. passed several major consumer safety laws, including the Flammable Fabrics Act and the Child Protection Act.  The economic impact of such legislation may include all of the following except :


A) reducing the price of the regulated product.
B) increasing the cost of producing the regulated product.
C) reducing the supply of the regulated product.
D) reducing competition within the regulated industry.

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