rodeoprincess2005 rodeoprincess2005
  • 06-06-2022
  • Law
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In a free market system, price control can include both a floor and a what?

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briannacastaneda9012
briannacastaneda9012 briannacastaneda9012
  • 06-06-2022

Answer:   False! In a free market is wrong to use any kind of price control, once it would turn the "free" in a "state managed" market, which means contradictory from the classic approach of the free market philosophy of economy. Some kind of partial free market policy can establish a floor price or a ceiling price, but it is not a free market.

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