Question

Who is the government attempting to help by enforcing fraud laws?
O
A. Monopolies
O
B. Consumers
O
C. Oligopolies
O
D. Middlemen

Answer 1

Answer:

B. Consumers

Explanation:

In business, consumers are the most vulnerable groups. Governments have enacted fraud laws to safeguard the rights of consumers.  As enterprises seek profits, the laws seek to hold sellers accountable for the products or services they provide.

The laws provide mechanisms for consumers to fight back against abusive business practices. If unchecked, sellers may take advantage of consumers' ignorance and low bargaining power.