What role does government regulation serve in business?

A. Ensure that markets operate freely

B. Increase tax revenues

C. Protect consumers and producers

D. Restrict competition

Answer: The answer is "C"

Explanation: Every business has a rule that governs its' existence. The regulatory body ensures that the interest of the consumers and even that of the producers or business owners are conserved. The agency in always saddle with the responsibility of making sure that consumers' interests are ensured. The consumers are not allowed to be short changed. Also, the government regulatory body also ensures that the producers or the best business owners are protected against all forme of negative vices as well as making a conducive environment for their business to thrive. Therefore, the correct answer is to protect consumers and producers "C"