As regulations change, the number of licensed sellers of a product decreases.

The graph shows a decreasing exponential model.

The vertical axis represents:

" Licensed sellers "

The horizontal axis represents:

" Time in years "

The graph starts near 700 licensed sellers and decreases over time. However, it does not appear to decrease all the way to 0. Instead, it levels off near:

y=100

That horizontal line is the horizontal asymptote.

A horizontal asymptote represents the long-term value the function approaches as time continues.

So the correct interpretation is:

" In the long run, the number of licensed sellers nears 100. "

Therefore, the correct answer is:

▭ ( " C " )