Trade practices law _______ .
A) always works in the public interest to maximise total surplus
B) can work in the public interest to maximise total surplus or in the self- interest of producers to maximise producer surpluses
C) always works in the self- interest of producers to maximise producer surpluses
D) encourages oligopolies to exhibit more monopolistic behaviours

Question

Quizplus · Accepted Answer

Trade practices law can be designed or implemented in ways that either serve the public interest by maximizing total surplus or cater to the self-interest of producers to maximize their own surpluses. The impact of these laws depends on how they are framed and enforced.

Trade Practices Law _______