Why are price controls unlikely to make consumers better off if a market is reasonably competitive?

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Economics For Healthcare Managers

ISBN: 9781640550483

4th Edition

Authors: Robert Lee

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Question Posted: Oct 28, 2023 03:12 AM

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Why are price controls unlikely to make consumers better off if a market is reasonably competitive?

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Price controls such as price ceilings maximum prices or price floors minimum prices are often implemented by governments to regulate prices in markets ...View the full answer

Economics For Healthcare Managers

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