When government regulations are influenced by lobbyists for the producers in a market, the regulations often:
A)make it more difficult for new producers to enter the market.
B)reduce costs of production, increasing competitive pressures.
C)are biased in favor of consumer safety.
D)raise market demand.

Question

Quizplus · Accepted Answer

When regulations are influenced by lobbyists for producers, they may push for regulations that create barriers to entry, making it more difficult for new producers to compete in the market. This can give the established producers an advantage and reduce competition.

When Government Regulations Are Influenced by Lobbyists for the Producers