When a government is concerned about the safety of the product for sale in a given market, often the government:
A)taxes producers.
B)creates networks of consumers.
C)imposes regulations on the product or providers.
D)raises the switching costs for consumers of the product.

Question

Quizplus · Accepted Answer

The government imposes regulations on the product or providers when it is concerned about the safety of the product for sale in a given market. This ensures that the product meets certain standards and is safe for consumers to use. Taxes, consumer networks, and raising switching costs are not directly related to product safety regulations.

When a Government Is Concerned About the Safety of the Product