What is consumer sovereignty? a. it is the right of consumers to lodge complaints against fraud and misconduct. b. it is the control exercised by consumers’ preferences on the production of goods. c. it is the ability of a producer to respond to consumers’ needs and preferences. d. it is the recall of consumer products deemed unfit for consumption.

Letter B. It is the control excercised by consumer's preferences on the production of goods.

Consumer sovereignty is the idea that it is consumers who influence production decisions. The spending power of consumers means effectively they ‘vote’ for goods. Firms will respond to consumer preferences and produce the goods demanded by consumers. It is related to economics.

Example: Firms may market new goods successfully like an iPod. But, if consumers are not impressed the good will not sell. There are countless new products, which never catch off.

Note: In a free market, consumers have greater levels of consumer sovereignty.

B. It is the control exercised by consumers’ preferences on the production of goods

the third answer is correct (c).

the laws that regulate the financing of political campaigns seek to guarantee the smoothness of funding so that there is no abuse of electoral economic power and to avoid the capture of future politicians by the donors.

this is because donor agents have their private interests that are not necessarily the same interests of the society that elected politicians must defend.

thus, interest groups should seek their interests within the legality of lobbying practices that are regulated.

answer; make laws;