5) Entrepreneurs who wish to open a licensed marijuana retail establishment in Michigan must go through an extensive and complicated application process. Which of the following statements is likely true: A) Existing businesses like these complicated restrictions because they shift labor demand to the right B) Existing businesses like these complicated restrictions because they shift labor supply to the left C) Existing businesses do not like these complicated restrictions because they shift labor demand to the right D) Existing businesses do not like these complicated restrictions because they shift labor supply to the right 6) Continuing with the previous question, if Michigan were to simplify these licensing requirements, which of the following would likely happen: A) Existing establishments would be less profitable