Question

In a mixed market economy government regulations are intended to both consumers and producers?

Answer 1

The correct answer is protect both consumers and producers.

In a mixed market economy, the government has some control and influence of the economy. This usually incldues safety regulations and minimum wage laws. Along with this, the government works to eliminate monopolies and trusts. This is meant to help producers and consumers, as the elimination of monopolies and trusts ensures that there are multiple producers of a good within a market. This increase of competition protects consumers as well, as competition between producers helps to drive down prices.