Consumer sovereignty and caveat emptor are mutually exclusive concepts.

Question

Quizplus · Accepted Answer

Consumer sovereignty is the idea that consumers have the power to determine what goods and services are produced, while caveat emptor is the idea that buyers should be aware of the risks involved in purchasing a product. These two concepts are mutually exclusive because consumer sovereignty implies that consumers have the power to make informed decisions about what they buy, while caveat emptor implies that buyers are responsible for their own decisions and should be aware of the risks involved.

Consumer Sovereignty and Caveat Emptor Are Mutually Exclusive Concepts