A price cap regulation _______ .
A) is a price ceiling
B) encourages a firm to operate inefficiently
C) is illegal
D) is a price floor

Name: A price cap regulation _______ . A) is a price ceiling B) encourages a firm to operate inefficiently C) is illegal D) is a price floor
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Question

Quizplus · Accepted Answer

A price cap regulation is a price ceiling, which sets a maximum price that a firm can charge for its product or service.

A Price Cap Regulation _______