Andre Baronowicz owns a small sheet metal fabrication business that employs 23 workers. As a small business owner, one of the major advantages Andre will enjoy when competing against larger firms is a lower cost of government regulations.

Question

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The statement is false. Small business owners often face higher relative costs of government regulations due to lack of economies of scale and fewer resources to navigate complex regulations. Larger firms may have dedicated compliance teams, whereas small businesses may need to hire third-party consultants or divert resources from other areas of their business to handle regulatory compliance.

Andre Baronowicz Owns a Small Sheet Metal Fabrication Business That