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A price ceiling set below the free-market equilibrium price will result in
False Imprisonment
Unlawful restraint of a person's freedom of movement, without consent or legal justification.
Suspected Shoplifter
An individual who is believed or alleged to have taken merchandise from a retail store without paying for it.
Liability
The state of being legally responsible for something, especially in terms of debts or legal obligations.
Strict Product Liability
Refers to a legal doctrine that holds manufacturers, distributors, or sellers liable for distributing a defective product to a consumer.
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