In the Market Approach to consumer protection, if consumers do not place a high value on safety (or are unwilling to pay for it), then it is wrong to force them to accept higher levels of safety through regulation.

Question

Quizplus · Accepted Answer

The Market Approach suggests that consumer preferences should dictate product features, including safety, and imposing regulations contrary to these preferences can be seen as paternalistic.

In the Market Approach to Consumer Protection, If Consumers Do