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Why does the government need to regulate the free market to protect competition?.

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ahmadfardeen571

The government needs to regulate the free market to protect competition when companies form monopolies.

A monopoly forms whilst one commercial enterprise will become the only provider of a product and may end up a rate setter in place of a rate taker.

The FTC supports loose and open markets by protecting opposition in order that consumers gain the advantages of a full-of-life market: decreased expenses, higher-high-quality products and services, and more innovation.

Most States have antitrust legal guidelines, and so do the Federal authorities. Essentially, these legal guidelines limit enterprise practices that unreasonably deprive clients of the blessings of opposition, ensuing in better costs for inferior products and services.

Learn more about Government here: https://brainly.com/question/18464634

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