Unformatted text preview: misconduct. It makes market failure to be tied with negative externalities because managers are not held responsible for their decisions. An excellent example of a pro in government regulation is in a situation where the government regulates the internal control of the business to reduce the attributes of fraud by falsification of documents to increase requirements i . The con of government regulation is in a situation where government control makes small companies make mistakes decreasing the innovation opportunity and entrepreneurship. i Tietenberg& Lewis, 2016....
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- Summer '18