Social Studies, 22.06.2021 23:40 lolololol21
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Which statement would best support an accurate evaluation of government regulations on the
operation of businesses in a free enterprise economy?
a. Government regulatory agencies and regulations are designed to ensure that congressional laws protect
people from unfair, unethical, or unsafe business practices.
b. Government regulatory agencies divide the responsibility of regulating businesses in the attempt to limit free
enterprise and competition.
c. While government regulations might be necessary, they do little to protect the safety and health of the American people from unfair business practices.
d. Government regulatory agencies were created based on a demand for greater protection from unfair, unsafe,
or illegal business practices that limited consumer choice.
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What is the rule relating the ratio of marginal utility to prices of two goods at the optimal choice? explain why, if this rule does not hold, the choice cannot be utility-maximizing.
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