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Rent control is an example of a price ceiling. A price ceiling is a government intervention that does not allow markets to properly function. It

Rent control is an example of a price ceiling. A price ceiling is a government intervention that does not allow markets to properly function. It limits how much a business could charge for an asset such as rentable apartments. Class, how can this lead to market failures? What are the impacts of such market failures? What does everyone think?

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