Law, Business and Society 11th Edition by Tony McAdams

Exercise 21

Once the government decided to intervene in the free market on behalf of consumers, two broad product safety options presented themselves: ( a ) the government could have limited its effort to generating and distributing information to consumers, or ( b ) the government could have set safety standards for all products. Assuming the government was forced to choose one or the other but not elements of both, which option should it have chosen Explain.