Which situation is the best example of regulation in an economic system? A retail business just opened a new store in a community close to its original location. A small clothing shop slashed it prices to attract customers from a larger department store nearby. A farmers’ market has offered a special deal to customers from a nearby yoga school. A state agency has been created to monitor the production and distribution of sports drinks.

The economic regulation are the provisions through which the government intervenes in the markets to set prices or quantities of production, or establish technical specifications and in general, restrictions that must be met by citizens and companies to participate in a market.

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akposevictor akposevictor · Answer 2 · 2022-02-02T12:52:35+01:00

The situation that is a good example of regulation in an economic system is: D. A state agency has been created to monitor the production and distribution of sports drinks.

What is Economic Regulation?

When the government intervenes by making provisions to dictate or set prices of commodities, or production levels or places any restrictions that must be met by individuals who want to participate in a market, we refer to that as economic regulation.

Therefore, the situation that is a good example of regulation in an economic system is: D. A state agency has been created to monitor the production and distribution of sports drinks.

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