Ask Question
Social StudiesSocial Studies
2 February, 05:09

How do price controls encourage competition?

+2
Answers (1)
  1. 2 February, 05:58
    0
    Price control is the maximum cost of a good decided by the government. Therefore if a company stays at the price control maximum a competing company may lower the price in order to have the better deal. Another company may lower the price further which creates competition between the businesses.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How do price controls encourage competition? ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The developmental pattern experienced by most people in which psychological functioning peaks in early middle age and starts to decline in the early eighties is called
Answers (1)
Ways in which the Government is actively involved with the purpose of changing the economy?
Answers (1)
Many leaders energize their followers by creating a sense of purpose to do something extraordinary. These leaders envision a future state that is clear and compelling that it brings out the best in those that follow them to achieve things that have
Answers (1)
What do we mean when we describe a culture as holistic?
Answers (1)
Give one example of which a Christian would respond to the problem of evil and suffering.
Answers (1)
New Questions in Social Studies
Why did the United Nations form a coalition to stop Iraq from taking over Kuwait in 1990?
Answers (1)
Irrigation has made farming possible in areas with little water. What might be an environmental cost associated with this human modification of the environment? A. soil salinization B. deforestation C. soil regeneration D. erosion
Answers (1)
According to structural functionalists, which of the following is a function of family? A.) To control the government B.) To provide care for its members C.) To build structures for religious worship D.) To determine a country's type of government
Answers (2)
What was the significance of the 38th parallel before the Korean War? a. When US troops moved north of it, the Chinese decided to fight. b. It was the location of the Yalu River boundary between North Korea and China. c.
Answers (1)
Wireless communication includes which of the following: a. bluetooth b. coaxial connections c. traditional land lines d. lighting connections
Answers (1)
Home » Social Studies » How do price controls encourage competition?
Sign Up Forgot Password?