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Which is a false statement about water
Price Ceiling
A price ceiling is a government-imposed limit on how high the price of a good or service can be charged in the market, usually set below the equilibrium price to ensure affordability of essential goods.
Monopolist
An entity that is the sole provider of a particular good or service, giving it the ability to control market prices and output levels.
Price Ceiling
A legal maximum price that can be charged for a good or service, aiming to prevent prices from rising too high.
Monopolist
An entity with exclusive control over the supply of a particular good or service, setting prices and production levels.
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