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Identify an unconsummated wealth-creating transaction (or a wealth-destroying one) created by some tax, subsidy, price control , or other government policy, and then figure out

  • Identify an unconsummated wealth-creating transaction (or a wealth-destroying one) created by some tax, subsidy, price control, or other government policy, and then figure out how to profitably consummate it (or deter it). Estimate how much profit you would earn by consummating (or deterring) it.
  • Focus on giving an example on price control only and give its meaning.

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