According to cultural relativism people can never be mistaken about what is morally right or wrong, because there is no objective or universal moral standards or truths; instead there are only opinions. the previous statement is:

Which situation is the best example of regulation in an economic system? a retail business just opened a new store in a community close to its original location. a small clothing shop slashed it prices to attract customers from a larger department store nearby. a farmers’ market has offered a special deal to customers from a nearby yoga school. a state agency has been created to monitor the production and distribution of sports drinks.