Which regulatory cost is borne by the firms that are regulated?

Question

Quizplus · Accepted Answer

Compliance costs are the costs incurred by firms in order to comply with regulatory requirements. This includes costs related to changes in production processes, record-keeping requirements, inspections, and other regulatory compliance activities. These costs are borne by the firms that are being regulated, and can have a significant impact on their profitability and competitiveness.

Which Regulatory Cost Is Borne by the Firms That Are