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What is the maximum price they should pay

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Question: Government price controls Question 3 options: a) ensure that the actual price is at its free-market equilibrium. b) usually set upper or lower limits on prices. c) act as a guideline to producers as to what is a fair price. d) inform consumers what is the maximum price they should pay. e) ensure that transactions take place at a fair price.

Reference no: EM133575335

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