Government-imposed price floors may increase the price, but they also typically lead to: 1. persistent surpluses 2. disposal problems
Government-imposed price floors may increase the price, but they also typically lead to: 1. persistent surpluses 2. disposal problems 3. unwanted and inefficient discounts 4. overinvestment in the industry Can you explain how, and why is this overinvestment a bad thing? Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”