Weegy: Answer is B. raise prices
User: A minimum price, set by the government, that must be paid for a good or service is called a _____.
A. price wall
B. price floor
C. price field
D. price ceiling
Weegy: Answer is D. price ceiling
User: How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competitive market?
A. The price is higher.
B. The price is lower.
C. The prices cannot be compared.
D. The prices are the same.
Weegy: Answer is A. The price is higher. The price of a good in a monopoly is very much controlled for competitors
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