Respuesta :
Answer:
Answers are
-to create fair competition between producers
-to protect consumers' health and safety
-to prevent the formation of monopolies
Explanation:
Regulatory agencies can be explained as different agencies which are created or established through the legislative act for implementing and enforcing standards or laws in a particular field operations.
The different examples of regulatory agencies are
* National Institute of Health
* Environmental Protection Agency
* Nuclear Regulatory Commission
* Center for Disease Control
These regulatory agencies are not limited to the ones mentioned, there are still many of them.
In conclusion, the regulatory agencies are able to exercise autonomous authority.
Regulatory agencies are defined as an independent governmental body, which was established by the legislative act.
The correct answer is:
Option A. to create fair competition between producers
Option B. to protect consumers' health and safety
Option C. to prevent the formation of monopolies
The regulatory agencies were made because:
1. Regulatory agencies works as independent government body. The agencies set a fair competition and set of standards in a specific field of operations, activity, or other sectors.
2. Regulatory agencies are also involved in the protection of consumers' health and safety. For example, OSHA is a type of regulatory agency involved in the safety of working men and women.
3. The regulatory agencies can prevent the forming of a monopoly by price capping, breaking up of monopolies, and limiting the increase in the price.
Thus, the correct answers are Options A, B, and C.
To know more about regulatory agencies, refer to the following link:
https://brainly.com/question/1959428
