in the long-run, but can even disrupt an industry. If pricesare not allowed to vary in response to greater risk, cost of production, and increasing costof staying in business, not enough producers would be encouraged to supply the product. | A Term Paper | B I B L I O G R A P H Y Philippine Institute for Development Studies, Economic Issue of the Day Vol. X no.2 (March 2010), "The Janus face of price controls" The Business Star, “DTI Price Monitoring Scheme Now Underway In All Provinces,”…
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