What Are the Major Problems That Will Tend to Arise

question 12

Multiple Choice

What are the major problems that will tend to arise if there are legal limits on the movement of prices?

• A)Favoritism and corruption of officials and market participants
• B)Unenforceability of laws and higher costs of transactions
• C)Increasing restrictions to enforce the laws
• D)Misallocation of resources as prices no longer correspond to costs
• E)All of these responses are correct.

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