What is the rationale for government to regulate business


Question 1: What is the rationale for government to regulate business and what are the economic, competitive and social reasons for this regulation?

Question 2: How do global regulations influence US businesses operating internationally and what are the major costs and benefits of such regulation?

Question 3: In your opinion, do the benefits outweigh the costs or do costs outweigh benefits (explain)?

Question 4: Describe the approaches corporations can take to influence government. Give one strength and one weakness of each.

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