One cost of consumer protection laws is that they may have encouraged more reckless behaviors.

Question

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Some argue that having consumer protection laws in place may make consumers feel more secure and therefore take more risks or engage in more reckless behaviors, knowing that they have legal recourse if something goes wrong. This phenomenon is sometimes referred to as the "moral hazard" of consumer protection laws. However, it is important to note that this is a contested idea and there is not necessarily a clear consensus on whether consumer protection laws actually lead to more reckless behavior.

One Cost of Consumer Protection Laws Is That They May