How can laws ensure that markets work in a manner that is fair? Give two examples to support your answer.

Ensuring Fair Markets:
1. Antitrust Laws: Prevent monopolistic practices, promote fair competition, and prohibit actions that restrain trade. Example: The Sherman Antitrust Act in the United States prevents monopolies, ensuring businesses compete fairly for consumer benefit.

2. Consumer Protection Laws: Safeguard consumers against unfair practices, ensuring accurate information and protecting against fraud. Example: The Consumer Protection Act in India empowers consumers, providing redressal mechanisms against unfair trade practices and substandard products.

Laws, through antitrust and consumer protection legislation, ensure fair competition, prevent monopolies, and safeguard consumers, creating an equitable marketplace for businesses and consumers alike.