Government officials who impose price controls

O might not understand that their action will not get them the votes they seek.

O understand that their action causes a trade-off: giving up fairness to get efficiency

O might not understand that their action causes confusion in the price signaling mechanism that directs the allocation of resource

O understand that their action is supported by most economists, and hence best for society

O understand that their action will induce a better achievement of the gains from trade