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23 November, 04:34

When the regulator sets a price that a firm cannot exceed over the next few years, the regulator is enforcing:?

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  1. 23 November, 06:24
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    This is a price cap regulation. Because the firm cannot go over a certain price, the price is said to be capped. Regulations like this prevent firms from overcharging their customers, and promote good business ethics. It may slow the growth of the firm, but the cost comes at the benefit of the customer.
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