Min and max price controls? What exactly do you mean? Anytime the government or any entity attempts to control pricing, they have an aggregate negative effect. If you are talking about in a free market society, you use calculus to attempt to determine what your maximum profit margin to be with all economic components considered. … Read more

Also, think about what the prices of electronics have done over the last few decades. EVERY product goes down in price. WHY? Because there is little if any regulation. PERIOD!

Price controls are usually enacted in a failing economy. That is why at the current time, the US is attempting to takeover the largest component of the economy. Nixon and Carter attempted this back in that time. Removing the problems is why Reagan was able to make the economy skyrocket. When you attempt to control … Read more