The main rationale for government regulatory functions is

Question

Quizplus · Accepted Answer

The main rationale for government regulatory functions is to protect consumer interests, ensuring that businesses operate in a safe and fair manner, and to prevent actions that may harm the public. The government aims to protect consumers from fraudulent and deceptive business practices, unsafe products, environmental hazards, and other potential harms. It is not the purpose of government regulatory functions to regulate for-profit institutions or maximize profits, and expanding the scope of the government may not necessarily be necessary for achieving consumer protection.

The Main Rationale for Government Regulatory Functions Is