Which statement BEST represents how legal factors determine the cost of business in a country?

Multiple choice question.

It is often less expensive to do business in nations that lack established laws for regulating business practice and fail to protect property rights.

It can be cost$-$effective to do business in a country where the absence of a cap on damage awards has meant spiraling liability insurance rates.

The cost of doing business is less in totalitarian states since governments are held accountable by their citizens and are unlikely to accept bribes.

It can be more costly to do business in a country where local laws and regulations set strict standards with regard to product safety.