Question

Price controls are

believed to prevent monopolies by stopping a company from setting prices too low or too high

made by governments with a purpose of discouraging competition in the economy

set prices for goods and services that only government-approved businesses may offer

a system of government laws and regulations that control how people run their businesses

Answer 1

I think it is the first one that price control is believed to prevent monopolies by stopping a company from setting prices too low or too high

Answer 2

are u sure ? this is rather important ?

Answer 3

Price controls are governmental restrictions on the prices that can be charged for goods and services in a market. The intent behind implementing such controls can stem from the desire to maintain affordability of staple foods and goods, to prevent price gouging during shortages, and to slow inflation, or, alternatively, to insure a minimum income for providers of certain goods or a minimum wage. There are two primary forms of price control, a price ceiling, the maximum price that can be charged, and a price floor, the minimum price that can be charged.

Answer 4

Government mandated minimum or maximum prices that can be charged for specified goods. Governments sometimes implement price controls when prices on essential items, such as food or oil, are rising rapidly.
hope this helps

Answer 5

so the first one