Purchase Solution

Corporate responsibility

Not what you're looking for?

Ask Custom Question

1. Environmental Protection Agency (EPA) regulations tend to go through many stages of review and approval before they are implemented. Not only do many regulators have to approve a new regulation, but comments and reviews from industry and conservation organizations are typical. Explain these complicated procedures in light of the theories of supply and demand for regulation.

2. Corporate responsibility may require changing the mission of the company to a "constrained" wealth maximization. Is it possible for a few firms in the marketplace to shift their objective functions in this way? Why?

Purchase this Solution

Solution Summary

Environmental Protection Agency (EPA) regulations are carefully reviewed.

Solution Preview

1. The supply for regulation are the people who assess the need for, decide on, and police environmental regulations. The demand comes from the people who would be hurt by companies who acted in their best interest without the enforcement of regulations in place. The multiple stages of review are for two major reasons. First there are a number of people who have differing views and who would be ...

Purchase this Solution


Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.