Question 12 (1 point) () Listen Suppose the benefits of a workplace safety regulation are $12 million a year, and the associated administrative costs are $500,000, compliance costs are $6 million, and efficiency costs are $5 million a year. Since the benefits of regulation outweigh the costs, deregulation should not occur. True False Question 13 (1 point) ) Listen Price is regulated by allocation efficiency. This type of regulation must be followed by Low barriers to entry A subsidy Quality deterioration Cost-inflating responses