(4) Explain allocative efficiency, and how it is affected by price controls? (5) Based on your opinion, do you think gov

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answerhappygod
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(4) Explain allocative efficiency, and how it is affected by price controls? (5) Based on your opinion, do you think gov

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(4) Explain allocative efficiency, and how it is affected by price controls?
(5) Based on your opinion, do you think government should impose price controls, at least in the short run, and why (or why not)?
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