To stimulate competition and protect both consumers and workers, what does the federal government do?
A) It places heavy taxes on companies in monopolistic competition.
B) It creates business systems to meet the needs of all consumers.
C) It creates regulations to intervene in the free market.
D) It places limits on international trade in order to stimulate domestic production.

Question

Quizplus · Accepted Answer

The federal government creates regulations to ensure fair competition in the market, protect consumers from harmful practices, and safeguard workers' rights. These regulations set standards for products and services, ensure the accuracy and truthfulness of labeling and advertising, and promote workplace safety and fair labor practices. By intervening in the market, the government can prevent dominant companies from engaging in anticompetitive practices that suppress competition and harm consumers.

To Stimulate Competition and Protect Both Consumers and Workers, What