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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.
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A state agency has been created to monitor the production and distribution of sports drinks.
Reason: regulation involves government rules, oversight, or enforcement of industry practices. The other choices describe competitive or promotional market activities, not regulatory action.
Reason: regulation involves government rules, oversight, or enforcement of industry practices. The other choices describe competitive or promotional market activities, not regulatory action.
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