To what extent is the existing economic theory and taxonomicframework, which identifies consumers as ‘average’, ‘vulnerable’, ‘informed, or ‘confident’, useful for regulation?

CONSUMER LAW COURSEWORK 1. OSCOLA REFERENCING 2. 20-30 SOURCES 3. 2500 WORD LIMIT (EXCLUDING FOOTNOTES AND BIBLIOGRAPHY) Answer the question below. To what extent is the existing economic theory and taxonomicframework, which identifies consumers as ‘average’, ‘vulnerable’, ‘informed, or ‘confident’, useful for regulation?

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