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In a market where government has set the maximum price below the equilibrium price, one might expect:
Express Warranties
Explicit guarantees made by a seller about the quality, safety, or performance of a product or service.
Certain Circumstances
Refers to specific conditions or factors that affect or determine the outcome or application of a rule in a particular case.
Disclaimer
A statement that denies responsibility or relinquishes a right, often used to avoid legal liability.
Warranty of Merchantability
A guarantee that a product will meet reasonable expectations of quality and performance.
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