If producers of ball bearings support a proposed regulation of their industry,then it is likely that _____
A) the price of ball bearings will decrease.
B) the profits of firms in the ball-bearing industry will decrease after the regulation.
C) producers of ball bearings will promote the interests of the public.
D) producers of ball bearings will not attempt to influence the adoption of the regulation.
E) consumers of ball bearings will suffer.
Correct Answer:
Verified
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