The market requires rules and regulation for the consumer?

Question: The market requires rules and regulation for the consumer? 

Rules and regulations are necessary in the market to protect consumers from unfair business practices and ensure their safety and well-being. Without regulations, businesses may engage in unethical practices, such as false advertising or selling unsafe products, which can harm consumers and erode trust in the market. Regulations can also help to promote competition and create a level playing field for businesses, which benefits consumers by offering them a wider range of choices and better prices.

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