Question

What role do special government agencies play in protecting buyers? Check all that apply.

Answer 1

Answer:

They create regulations to ensure safe products

They collect customer fraud complaints.

Explanation:

The special government agencies that play the role of protecting buyers is called The Consumer Protection Agency. This agency is created by the government through the relevant enabling law, with the major aim of protecting the customers from profit maximizing tendencies of the suppliers of good and services.

This agency plays an advisory role to the government of United States by furnishing Congress with information affecting US citizens as consumers of goods and services.

They have no business with promotion of products of companies or dictation of marketing strategies to companies, these are the functions of the management of those companies. They do not help customers in determining marginal cost, that is the sole function of the individuals.

Answer 2

Here are several roles that special government agencies play in protecting buyers: 
- They create regulations to ensure safe products.
- They provide information about products.
- They collect customer fraud complaints.

In a free market system, special governments agencies exist only to make the businesses compete fairly and not endangering the customers.
The government are not allowed in any way to show favors toward certain companies.