Why does the government interefere with prices

Reference no: EM133469339

Assignment:

Due to the pandemic, the state of MA had to issue a warning to producers and sellers of the following:

N-95 masks and other personal protective equipment (surgical masks, face shields, medical gowns, coveralls, Tyvek suits, surgical gloves, et al.).
Respirators, including their replacement parts (e.g., filters/cartridges).
Ventilators, anesthesia machines, and the equivalents (and replacement parts).
Sterilization services for devices.
Disinfectants and sanitizers.

These goods are monitored by the government and "a knowing violation of the Defense Production Act is a crime punishable by fines or imprisonment up to one year."

Why does the government interefere with prices?
What is it trying to accomplish?
Why benefits from this regulation?
Who dislikes these regulations?
Do you recommend Governor Baker to use price ceilings while we are in a pandemic?

Reference no: EM133469339

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