Why is accountability important in consumer protection?(1 point)
A. Without accountability, there are often monetary incentives for businesses to treat consumers poorly. Without accountability, there are often monetary incentives for businesses to treat consumers poorly.
B.Without accountability, consumers will be allowed to set market prices. Without accountability, consumers will be allowed to set market prices.
C.Accountability allows businesses to keep their prices at a minimum for consumers.
D.Accountability allows businesses to keep their prices at a minimum for consumers. Without accountability, the marketplace would not function.
A. Without accountability, there are often monetary incentives for businesses to treat consumers poorly. Without accountability, there are often monetary incentives for businesses to treat consumers poorly.
Consumer protection relies on holding businesses accountable for their actions and ensuring they follow ethical standards and regulations. When businesses are not held accountable, they might prioritize maximizing profits over consumer welfare and engage in practices such as false advertising, selling unsafe products, or charging excessive prices. Accountability encourages businesses to provide quality products and services, act fairly and transparently, and address any issues or complaints from consumers. Ultimately, accountability helps protect consumers from exploitation and promotes a fair and trustworthy marketplace.