Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Business regulations are meant to be tools the government uses to maintain safe standards of operation, competition, and consumer protection. Some regulations are seen as
Business regulations are meant to be tools the government uses to maintain safe standards of operation, competition, and consumer protection. Some regulations are seen as ways to regulate the use of certain products or licensing or certifications to perform certain jobs. One of the regulations I support is the anti-monopolization law in which the government prevents a company from buying out their competitors which can lead them to have total control of prices. Although it is very uncommon, there are instances in which certain goods or services are provided by only one company in a given area and the consumers have no other choice but to utilize that only provider. I support anti-monopolization laws because competition allows competition and competition creates better deals to consumers
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started