Which of the Following Statements Is True of Self-Regulation of Advertising

Which of the following statements is true of self-regulation of advertising?

A) Self-regulation of advertising is typically restricted to liquor and tobacco advertisements.
B) Self-regulation was initially introduced to eliminate the problem of puffery.
C) Self-regulation of advertising has led to the development of more lenient standards and practices than those imposed by the legislation.
D) The advertising industry views self-regulation as an effective mechanism for controlling advertising abuses.
E) The advertising industry prefers government intervention over self-regulation.