Which of the following policies is most likely to encourage innovation, higher quality goods, and lower prices?

Which of the following policies is most likely to encourage innovation, higher quality goods, and lower prices?

1. Encouraging public-private partnerships
2. Passing government regulations to reduce business failures and protect consumers
3. Reducing barriers that limit entry of firms into new and existing markets

Select one:

a. ​I only

b. ​III only

c. ​I and II

d. ​II and III