Regulators often raise prices instead of lowering them.This is designed to
A)prevent the exit of competitors.
B)protect the consumer from cheap products.
C)ensure high-quality products.
D)ensure workers are adequately paid.

Question

Quizplus · Accepted Answer

Regulators often raise prices to prevent the exit of competitors in order to avoid a monopoly in the market, which could result in even higher prices and lower quality products or services.

Regulators Often Raise Prices Instead of Lowering Them