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Profiteering cause the act government to prohibit

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Reference no: EM132481977

A major hail storm hits Canberra, damaging a large number of homes, and in particular, causing damage to roofs in homes. Concerns over 'price gouging and profiteering' cause the ACT government to prohibit charges for repairs which exceed their pre-storm levels.

a) In the absence of government intervention, would the repairers welcome a hailstorm?

b) Does this policy benefit homeowners, repairers, both, or neither?

Reference no: EM132481977

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