The Food and Drug Administration (FDA) is an agency that would enforce

Question

Quizplus · Accepted Answer

The FDA is responsible for regulating the safety and efficacy of food, drugs, medical devices, and other consumer products. This falls under the category of social regulation, which aims to protect public health and safety. Economic regulation, on the other hand, deals with regulating industries to ensure fair competition and pricing. Antitrust laws are designed to prevent monopolies and promote competition, while price discrimination refers to the practice of charging different prices for the same product to different consumers.

The Food and Drug Administration (FDA) Is an Agency That