Question

When a government introduces regulations addressing worker safety and environmental protection, it affects businesses and consumers. Businesses face (lower cost, higher cost, less competition, or more competition) because they must alter existing infrastructure to meet regulations. As a result, consumers pay (less, more, or the same) for produced goods.

Answer 1

The answer is businesses face higher cost, because they must alter existing infrastructure to meet regulations. As a result, consumers pay more for produced goods

In the near term, new regulations will almost necessarily raise costs for the business and thus prices for the consumer. However, in the long run, regulations can drastically cut costs to the economy due to the negative externalities that they prevent.