A large telephone company has hired lobbyists to try to persuade lawmakers to reduce governmental regulation over the telecommunications industry. Why might the company do this?

The correct answer is "because some regulations are costly to implement and reduce profits for the industry"

Explanation:

If the government regulates the telecommunications industry, the profits or gains for the industry decrease. Because if the government says that the cables must be buried and the cables pass through the air (lamppost) or vice versa, then it becomes an additional cost to the industry that must be assumed by them and this will reduce profits.