Choose the most accurate statement and explain why it is accurate. Also explain why you did not choose the other statements.Keep your answer under page.

The most accurate statement is _______________.

a. The Law of Demand applies in today's economy as much as it has in the past.

b. Worker safety regulations encourage the Zamzownian externality, often result in the McCoskey Paradox, and always result in a Malleyesque decrease in economic surplus. As such, they should be eliminated in favor of a market-based approach.

c. Negative externalities are better known as dominated strategies.

d. Economic Surplus is an abstract concept with no practical application.

e. Natural monopolies exist in great numbers because they can be of any size.