Single Answer MCQ
Q-00045632
Why is government regulation important in the marketplace?
1
To increase profit for companies
2
To maintain fair trading practices
3
To encourage monopolies
4
To limit product availability
Answer and Solution
Answer
B. To maintain fair trading practices
Solution:
The correct answer is 'To maintain fair trading practices'. Government regulations help prevent unfair exploitation and protect consumers. The other options would be counterproductive to consumer welfare.
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