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The horizontal asymptote of the graph is .
Industrial Regulation
Governmental regulation of industries to correct market failures, protect consumers, and preserve competitive markets.
Social Regulation
Rules and policies designed to correct market failures that affect people's health, safety, welfare, and social wellbeing.
Administrative Costs
Administrative Costs are expenses related to the general operation of a business, including expenses such as office supplies, salaries of non-production employees, and legal and accounting services.
Compliance Costs
Expenses that businesses incur to adhere to industry regulations, standards, and laws, including the costs of implementing necessary procedures and reporting.
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