Respuesta :
Government regulations shape the business’ structure and conduct in its industry and price regulation impact the business’s profits.
The following statement explains how regulations on prices affect business practices: Regulations keep prices fair and prevent businesses from establishing monopolies. This is the main goal of the regulations. Without them each company will have no restrictions in defining the prices.
The statement that tells how regulations affect business is that Regulations keep prices fair and prevent businesses from setting monopolies.
What are the main aim of regulatory policies?
The aim of regulatory policy is to make sure that regulation functions effectively, and is one that is in the interest of the public.
Note that Government regulations act to shape the business’ structure and carry out its functions in the industry and acts as a form of price regulation so as to influence business’s profits.
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