Multiple Choice
Price gouging laws
A) are necessary and proper to prevent predatory pricing on victims of disasters.
B) keep distressed markets in equilibrium by maintaining "normal" prices.
C) restrict entrepreneurial behavior and consumer choice.
D) are enacted to encourage government-sponsored relief efforts.
E) have little effect on distressed markets and thus are irrelevant.
Correct Answer:
Verified
Correct Answer:
Verified
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