QUESTION 3 Over-the counter (OTC) hearing alds have finally hit the market around mid-October. In August, 2022, the WSJ reported that the FDA relaxed the prescription requirement, and cleared hearing aids for OTC sale In an older WSJ article on Feb 5, 2022 titled "White House Sees Hearing Aids as Chance to Lower Prices Through More Competition, " by Amara Omeokwe, we learn more about the background for this regulatory change. Read the article at https"/www.wsj.com/articles/white-h Quse-sees-hearing-aids-as-chance-to-lower prices-through-more-competition-11044069781. Which of the following statements is not true? After the deregulation, and with no prescription requirement, the price of hearing aids would fall. Under the old FDA regulation, a pair of hearing aids typically cost up to $5,000, The deregulation would make the hearing ald market more competitive Incumbent hearing ald makers are supportive of the deregulation