which situation is the best example of regulation in an economic system?\na retail business just opened a…

which situation is the best example of regulation in an economic system?\na retail business just opened a new store in a community close to its original location.\na small clothing shop slashed it prices to attract customers from a larger department store nearby.\na farmers market has offered a special deal to customers from a nearby yoga school.\na state agency has been created to monitor the production and distribution of sports drinks.

which situation is the best example of regulation in an economic system?\na retail business just opened a new store in a community close to its original location.\na small clothing shop slashed it prices to attract customers from a larger department store nearby.\na farmers market has offered a special deal to customers from a nearby yoga school.\na state agency has been created to monitor the production and distribution of sports drinks.

Answer

Brief Explanations:

Regulation in an economic system involves government - or agency - imposed rules to control economic activities. A state agency created to monitor production and distribution is an example of regulation as it is a form of government - like oversight. The other options are business decisions (opening a new store, slashing prices, offering a deal) and not regulation.

Answer:

A state agency has been created to monitor the production and distribution of sports drinks.