Which of the following areas of legislative and regulatory requirements prevent the deliberate limiting of supply and the formation of cartels?
Which of the following areas of legislative and regulatory requirements prevent the deliberate limiting of supply and the formation of cartels?
A . data protection
B . product safety standards
C . marketplace competition
D . ethical practice
Answer: B
Explanation:
the correct answer is ‘marketplace competition’.
Ethical practice is about prohibiting corrupt and unfair practice, rather than issues of supply and demand. Although being in a cartel is ‘unethical behavior’ this option doesn’t fully answer the question which talks about limiting supply- this is related to marketplace competition.
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