Environmental regulations impose additional costs

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“Multinational manufacturers will open factories in a country with the lowest cost of operations. Environmental regulations impose additional costs to manufacturers. In order to induce them to come and invest, developing countries will compete by relaxing environmental standards. So, they are entering into a race of lifting environmental regulations for attracting investors.”

Do you agree with the above statement? How should the government enforce stricter environmental regulations on manufacturers? Give a thoughtful discussion based on the concept of game theory.

Reference no: EM131092402

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