Multiple Choice
Which of the following is correct?
A) In a competitive market, the firm will bear the costs of a legislated increase in safety regulations.
B) In a competitive market, imposing safety regulation is easy since all firms will adopt it right away due to the market competition.
C) In a competitive market, a legislated increase in safety will drive some firms out of the business.
D) In a competitive market, the application of uniform safety standard will not help weed out the firms that have low safety technologies.
E) In a competitive market, a legislated increase in safety will make people better off.
Correct Answer:

Verified
Correct Answer:
Verified
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