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Despite the disadvantages of ceilings and price floors

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Reference no: EM131695148

Q1. Using graphical illustrations explain consumer surplus.

Q2. Despite the disadvantages of ceilings and price floors why may governments still choose to implement these two forms of pricing strategies?

Q3. Explain the general shape of the long run cost curves in relation to economies and diseconomies of scale.

Reference no: EM131695148

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