Which of the following is the reason why regulations are placed on marketing practices?
A)to protect consumers from unscrupulous business practices
B)to maximize the profitability of individual firms
C)to promote product differentiation in markets
D)to prevent monopolistic competition in markets

Question

Quizplus · Accepted Answer

Regulations are put in place to protect consumers from unscrupulous business practices, to set acceptable standards of practice, and to encourage fair competition.

Which of the Following Is the Reason Why Regulations Are