Hyundai offers a 10-year, 100,000-mile warranty on its vehicles. Why do you suppose Hyundai does this? Such a warranty helps the car market function better by transactions . Would that warranty be useful in the absence of government?

Why do you suppose Hyundai does this? To attract more sales

Would that warranty be useful in the absence of government? No

Explanation:

Every business out there, their major aim is to make profit and Hyundai is not an exception. This is because, it is a private owned business enterprise which has its needs to meet. The warranty is a form of attracting more customers to their company knowing fully well that, their competitor does not offer such.

On the other hand, such warranty would not have been useful in the absence of goverment. This is because, they would be able to get away with their actions when a situation demands that the honour the warranty agreement. The government presence helps to ensure that, the rules and laws surrounding the warranty is honoured, If not, they would be heavily fined, or in extreme cases, the factory closed down entirely.

answer; a set of mutual funds with similar risk characteristics to your mutual fund;