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CONSUMER PROTECTION LAWS.
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CONSUMER PROTECTION LAWS.
The market for goods usually contains two significant players who are the consumers
and the producers. Consumers are generally the buyers in the market, while the producers are
the ones that avail goods and services (Coase, 1974). However, unfair competition,
discrimination, and consumer exploitation are bound to happen in the marketplace since
every producer tries to make more profits. Therefore, in t…
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