Are price caps a useful economic tool?

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Selected thesis

Price caps are a useful economic tool.

Pros

Cons

  • Pro claim 1

    Price caps help ensure important goods remain affordable for all.

  • Pro claim 2

    Price caps can be used to control economy-wide inflation.

  • Con claim 1

    Price caps can diminish market competition.

  • Con claim 2

    Price caps can lead to shortages.