Assertion: price ceiling | /r/HasProperty | put in place
Facets:
value: by the government
type: OTHER
Source sentences:
text: Like in an unregulated market, the monopolist produces the quantity where marginal revenue is equal to marginal cost and sets the highest price that it can for that quantity of output, and this can result in a larger quantity once a price ceiling is put in place.
text: Price ceilings are price controls put in place by the government when they believe a good or service is being sold for too high of a price.