3Government Regulation The two (2) crashes of Boeing Airlines' 737 Max 8 present an opportunity for examining the interaction of regulators (Government), industry and society.The ongoing examination of the crashes include investigation of the Boeing/FAA relationship and the role of regulators including whether the airline manufacturing industry can / should self-govern.The following articles provide background information on the Boeing Airlines case. How Did the F.A.A. Allow the Boeing 737 Max to Fly? | The New Yorker www.newyorker.comRetrieve April 17 from:https://www.newyorker.com/news/our-columnists/how-did-the-faa-allow-the-boeing-737-max-to-fly Boeing's Not Alone In Companies That Government Agencies Have Let Self-Regulate | NPR Heard onAll Things ConsideredRetrieved May 20 from:https://www.npr.org/2019/04/02/709203191/boeings-not-alone-in-companies-that-government-agencies-have-let-self-regulate For this question, you will consider the relationship of Government, Business and Society and specifically the concept of Government Regulation of Business, using the Boeing case presented as an example. SELECT A POSITION ON THE REGULATION CONTINUUM AS DEMONSTRATED BELOW. Define and discuss the type of regulation espoused using concepts from the eBook and examples from the case to support your recommendations. When referring to a concept, you must include the definition from the eBook to establish its meaning. Applying the regulation continuum selection and reasoning as a guide, answer the following specific questions. Explain the arguments for and againstairline manufacturers being allowed to self-regulate airplane's safety testing and features? Which arguments support your position on the continuum? Explain the arguments for privately owned companies being allowed to lobby against safety regulations? Which arguments support your position on the continuum? What examples, beyond Boeing support your selection and recommendations?Be specific.This question will require research