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navik [9.2K]
3 years ago
15

Advise someone on the implications of CPA on businesses​

Business
1 answer:
andrew11 [14]3 years ago
6 0

Answer:

Impact of the CPA on businesses

The main function of the Consumer Protection Act now is to protect consumers against product liability. Protection against product liability means that consumers are protected if the product they purchase from you is defective and causes further damage.

Explanation:

Hope it helps! Correct me if I am wrong :>

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When frank sells a pie to jean instead of sarah, the economic value created in society is lower because of the difference in:.
Free_Kalibri [48]

When frank sells a pie to jean instead of sarah, the economic value created in society is lower because of the difference in consumer surplus.

What is consumer surplus?

Consumer surplus occurs when a consumer pays a price that is lesser for a goods than the actual price they are willing to pay for a product.

Difference in consumer surplus occurs because Frank now has more customers and he can now sell at a price lower than the consumer would pay.

Therefore, Frank sells a pie to jean instead of sarah,when the economic value created in society is lower because of the difference in consumer surplus.

Learn more on consumer surplus here,

brainly.com/question/3209988

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3 years ago
Which of the following statements is NOT true about lockout/tagout?
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