1. Explain Due care theory. On what ground due care theory was criticized.2.What is the market approach to consumer protection? What are the problems with the market approach? Explain in detail.3.What do you understand by advertising? Describe the characteristics of advertising. Explain the criticism of advertising based on social effects.4.What is Right to Privacy? What are the considerations to take into account to have a balance between right to privacy and business needs? Explain in detail.

According to the principle of due care theory, the manufacturers have the moral obligation to…

Answered: 1. Explain Due care theory. On what…

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Economics

1. Explain Due care theory. On what ground due care theory was criticized.

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter22: Frontiers Of Microeconomics

Section: Chapter Questions

Problem 4PA

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1. Explain Due care theory. On what ground due care theory was criticized.
2.
What is the market approach to consumer protection? What are the problems with the market approach? Explain in detail.
3.
What do you understand by advertising? Describe the characteristics of advertising. Explain the criticism of advertising based on social effects.
4.
What is Right to Privacy? What are the considerations to take into account to have a balance between right to privacy and business needs? Explain in detail.

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