The effectiveness of regulation is sometimes criticized because

A) regulators try to please everybody.
B) of the high profits in regulated industries.
C) regulators don't know how to regulate industries.
D) regulators usually have been closely associated with the industries they regulate.

Regulation

Rules or directives made and maintained by an authority to regulate behavior, usually in the form of laws or regulations.

High Profits

Significant financial gains exceeding the average or expected profit margins in a business's operations.

Regulated Industries

Industries that are subject to governmental oversight and control to ensure fairness, safety, and adherence to certain standards or regulations.