The imposition of pollution-control regulations on domestic steel manufacturers leads to decreases in production costs and an improvement in the steel manufacturers' competitiveness.

Question

Quizplus · Accepted Answer

Pollution-control regulations typically increase production costs for manufacturers because they have to invest in cleaner technologies and processes to meet the regulatory standards. This can temporarily reduce their competitiveness, especially if foreign competitors are not subject to similar regulations.

The Imposition of Pollution-Control Regulations on Domestic Steel Manufacturers Leads