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Homework answers / question archive / Price support programs are most likely to exist in which of the following situations? a
Price support programs are most likely to exist in which of the following situations?
a. where there is information asymmetry
b. where sellers have too much influence over price
c. where antitrust enforcement is lax
d. where free-riders exist
e. where buyer power is too great
The correct option is:
e. where buyer power is too great
The price support programs are designed to safeguard the suppliers and producers from getting exploited at the hands of the consumers.
