The myth of the free market and caveat emptor work in tandem to make consumers vulnerable to unscrupulous vendors.

Question

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The myth of the free market suggests that the market operates on its own, without the need for government intervention, and that consumers should be able to make their own choices without interference. This idea can make consumers vulnerable to unscrupulous vendors who are free to deceive and exploit them. The concept of caveat emptor, or "buyer beware," further compounds this vulnerability by placing the burden on consumers to be knowledgeable and vigilant about the products and services they purchase. Together, these ideas create an environment in which consumers may be taken advantage of by unscrupulous vendors.

The Myth of the Free Market and Caveat Emptor Work