Regulatory agencies attempt to:
A) limit the degree of competition between firms.
B) influence business decisions that affect consumer and worker safety.
C) guide businesses into the most profitable channels.
D) establish tariffs and quotas against foreign firms.

Question

Quizplus · Accepted Answer

Regulatory agencies exist to ensure that businesses are operating within certain standards that protect consumers and workers from harm. They may also have a role in ensuring that businesses are not engaging in practices that are harmful to the environment. While competition can sometimes be a factor that regulatory agencies consider, their primary purpose is to protect the public. The other options - guiding businesses towards the most profitable channels and establishing tariffs and quotas - are not typically functions of regulatory agencies, but rather are more closely associated with economic policy.

Regulatory Agencies Attempt To