Regulation is justified when consumer decisions are based on false information.

Question

Quizplus · Accepted Answer

When consumers make decisions based on false information, they may not be able to make informed choices. This can lead to negative outcomes for the consumer, such as buying products that may be harmful or wasting money on ineffective products. In such cases, regulation can help ensure that consumers have access to accurate information, which allows them to make informed choices.

Regulation Is Justified When Consumer Decisions Are Based on False