how does statutory consumer protection affect businesses and consumers?

Answer 1

Well, it has a huge downside. Although it does protect some customers from the careless acts of manufacturers and retailers, it also costs consumers billions of dollars every year. It greatly limits the release of new and useful products. Also, to pay for litigation, producers, manufacturers, and retailers all raise their prices significantly.

Answer 2

it may genuinely carry forth a radical authoritarian hierarchical government. that's the main denigrating element that would desire to take place to our institutions and maximum proper, the american people. MR