Regulatory agencies always protect consumers by forcing regulated firms to sell at the lowest possible price.

Question

Quizplus · Accepted Answer

Regulatory agencies do not always force regulated firms to sell at the lowest possible price. The role of regulatory agencies may vary, but their primary objective is to ensure the safety, quality, and affordability of goods and services in the market. This may sometimes require setting prices or price caps, but it is not always the case.

Regulatory Agencies Always Protect Consumers by Forcing Regulated Firms to Sell