Single Answer MCQ
Q-00015537
What can be a consequence of lack of regulations in the marketplace?
1
Improved product quality
2
Increased consumer trust
3
Exploitation and unfair practices
4
Higher competition
Answer and Solution
Answer
C. Exploitation and unfair practices
Solution:
Without regulations, the market may allow exploitation and unfair practices to thrive, damaging consumer trust. The other options describe positive outcomes that regulations typically encourage.
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