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Governments continue to impose price controls. Which statement is NOT a valid explanation of this? a. Price floors are often imposed because they benefit some
Governments continue to impose price controls. Which statement is NOT a valid explanation of this?
a. Price floors are often imposed because they benefit some influential sellers.
b. People fear that prices will change dramatically if price controls are removed.
c. Government officials often disregard warnings about the consequences of price controls.
d. The model of price floors is not fully understood.
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