Statutory regulation is likely to create larger compliance costs than self-regulation because:
A)self-regulation does not involve lawyers and the courts.
B)consumers are better able to assess risk under self-regulation.
C)statutory regulators are often over-cautious.
D)statutory regulation is controlled by consumers.

Question

Quizplus · Accepted Answer

Statutory regulators often implement more stringent and comprehensive rules to ensure compliance, which can lead to higher costs for businesses compared to the typically more flexible and less formal self-regulation.

Statutory Regulation Is Likely to Create Larger Compliance Costs Than