Price Cap Regulation

question 32

Multiple Choice

Price cap regulation

• A) sets the maximum price these firms can charge.
• B) gives firms the incentive to exaggerate their costs.
• C) does not provide incentives to firms to minimise their costs because firms cannot change prices.
• D) Both answers A and C are correct.
• E) Both answers A and B are correct.

Identify and prioritize the appropriate outcomes for rape victims before discharge.

Recognize the signs and levels of anxiety in rape victims.

Know the essential documentation required prior to evidence collection for a sexual assault victim.

Identify the acute phase symptoms of rape-trauma syndrome.

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Definitions:

Caveat Emptor

“Let the buyer beware”; a principle that the purchaser must examine, judge, and test for herself.

Sale of Goods Act

A UK law enacted in 1979 which regulates the sale of goods that are bought and sold in the UK and the contractual rights and obligations of buyers and sellers.

Contractual Terms

The specific provisions, requirements, and clauses that are agreed upon by the parties forming the binding agreement of a contract.

Sale of Goods Act

A set of laws regulating the sale of goods that ensures rights, responsibilities, and protections for both buyer and seller.