Answer to Question #68383 in Economics for savannah

Question

When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers.

Businesses face (lower cost, higher cost, less competition, or more competition) because they must alter existing infrastructure to meet regulations. As a result, consumers pay (less, more, or the same) for produced goods.

Answer 1

When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers.

Businesses face higher cost, less competition, because they must alter existing infrastructure to meet regulations. As a result, consumers pay more for produced goods.