When attempting price regulation,a government faces what problem(s)?
A) limited information
B) bribes
C) uncooperative firms
D) All of the above.

Question

Quizplus · Accepted Answer

When a government attempts to regulate prices, it faces limited information about the costs and benefits of regulation, the possibility of firms offering bribes to avoid regulation, and uncooperative firms that may try to find ways to circumvent regulations. Therefore, all the choices are the potential problems faced by the government while attempting price regulation.

When Attempting Price Regulation,a Government Faces What Problem(s)