Which statement explains how regulations on prices affect business practices? Regulations keep prices fair and prevent businesses from establishing monopolies. Regulations keep prices low and help businesses to establish monopolies. Regulations keep prices fai and help businesses to establish monopolies. Regulations keep prices low and prevent businesses from establishing monopolies.

Question

Which statement explains how regulations on prices affect business practices? Regulations keep prices fair and prevent businesses from establishing monopolies. Regulations keep prices low and help businesses to establish monopolies. Regulations keep prices fai and help businesses to establish monopolies. Regulations keep prices low and prevent businesses from establishing monopolies.

Answer 1

The statement that best explains how regulations on prices affect business practices is:**Regulations keep prices fair and prevent businesses from establishing monopolies.**Price regulations, such as price ceilings and price floors, are implemented to ensure that prices remain affordable and accessible to consumers. For example, a price ceiling prevents prices from rising above a certain level, making essential goods and services more affordable. Additionally, regulations can prevent monopolies by ensuring that no single business has excessive control over the market, which can lead to unfair pricing and reduced consumer choice.

Problemas

Roztwór

Respuesta