Government is lobbied to institute price controls becausea, Ask an Expert

Economics

Government is lobbied to institute price controls because:

A. they tend to increase total producer and consumer surplus.

B. people care more about their own surplus than they do about total surplus.

C. people care more about total surplus than they do about their own surplus.

D. they reduce producer surplus, but they raise consumer surplus more than enough to compensate.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91233270

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