Why does the US government create regulatory agencies? Check all that apply.to create fair competition between producersto limit the knowledge of certain consumersto allow producers to have greater freedomto protect consumers’ health and safetyto prevent the formation of monopolies
Answer
A
to create fair competition between producers
B
to limit the knowledge of certain consumers
C
to allow producers to have greater freedom
D
to protect consumers’ health and safety
E
to prevent the formation of monopolies
Explanation
Regulatory agencies set and enforce rules to make markets work fairly and protect the public. They can promote fair competition, protect consumers’ health and safety, and prevent monopolies from controlling a market. Limiting consumers’ knowledge and giving producers greater freedom are not the purposes described here.
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