when you have strong information asymmetry between purchaser and seller the market can become unsafe. These information asymmetries occur in highly specialized

when you have strong information asymmetry between purchaser and seller the market can become unsafe. These information asymmetries occur in highly specialized areas like...medicine where it is extremely difficult if not impossible for the consumer to be able to judge what is best. Which is why regulation is good and useful. It recognizes that we can not all be expert in all areas.