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Consumers have limited visibility into the conditions under which their products are made, and consumer behavior does not always result in the most desirable outcome for the public. Which makes it a regulation problem. That’s why regulation exists.
Consumers have limited visibility into the conditions under which their products are made, and consumer behavior does not always result in the most desirable outcome for the public. Which makes it a regulation problem. That’s why regulation exists.
This is by design.
Limited visibility, limited comprehension, limited attention, and limited risk aversion.