Type of government regulation: price cap

It describes the efficiency, fairness, and market failure of the government regulation price cap type. Graphically interpret the type of regulation and argue about the determination of public goods and common resources.

What is the government regulation price cap and explains why the government has to enter to regulate such activity?

how the type of price cap regulation works and how the government achieves social efficiency through its implementation.

What impact does government regulation price cap have on the people or companies it regulates?