Disclosure laws:
A) are an example of how government attempts to solve information asymmetry in markets.
B) are an example of how government attempts to screen unethical businesses out of the marketplace.
C) are an example of how government forces businesses to signal to consumers if they are credible.
D) are a way businesses can build their reputation.

Question

Quizplus · Accepted Answer

Disclosure laws are put in place to ensure that there is transparency in the marketplace and to address information asymmetry. They require businesses to provide consumers with accurate and complete information about their products or services, helping consumers to make informed decisions.

Disclosure Laws