How do legal controls on prices lead to corruption?
A)Persons who benefit from the controls are willing to bribe officials to keep the controls in place.
B)Persons who make the laws may favor certain groups at the expense of others.
C)Selling in the black market is very profitable, and persons therefore willingly break the law.
D)Discrimination may occur as a means to limit buying or selling select groups.
E)All of these responses are correct.

Question

Quizplus · Accepted Answer

All of the given options can lead to corruption when legal controls on prices are in place. Those who benefit from the controls may bribe officials to keep them in place, and lawmakers may favor certain groups at the expense of others. Selling in the black market may become profitable, incentivizing people to break the law, and discrimination may occur as a way to limit buying or selling to certain groups.

How Do Legal Controls on Prices Lead to Corruption