195k views
25 votes
In a free market system, price control can include both a floor and a what?

User Geompalik
by
6.9k points

1 Answer

12 votes

Answer: False! In a free market is wrong to use any kind of price control, once it would turn the "free" in a "state managed" market, which means contradictory from the classic approach of the free market philosophy of economy. Some kind of partial free market policy can establish a floor price or a ceiling price, but it is not a free market.

User Arin Ghazarian
by
6.7k points