Question: 3 methods for protecting the environment, regulations, incentives and pricing mechanisms or permits for pollution. Explain what is meant by government regulation of business firms

  1. 3 methods for protecting the environment, regulations, incentives and pricing mechanisms or permits for pollution. Explain what is meant by government regulation of business firms in the area of environmental protection. List one of the key advantages and one disadvantage of government regulation in the protection of the environment.

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