What does the government encourage in order to protect the consumer's right to choose?
A) Competition
B) Monopolies
C) Trust laws
D) Divestitures
E) Cooperation

Question

Quizplus · Accepted Answer

The government encourages competition in order to protect the consumer's right to choose. This is because competition ensures that businesses must offer a higher quality of goods or services at a lower price in order to remain competitive. As a result, consumers have more choices and can make better decisions for themselves. Monopolies (B) are discouraged because they eliminate competition, and trust laws (C) and divestitures (D) are used to break up monopolies that already exist. Cooperation (E) is not necessarily encouraged as it can lead to collusion and limit consumer choice.

What Does the Government Encourage in Order to Protect the Consumer's