- Describe how an externality, public goods, information, and related government regulation affect market outcomes and economic behavior.
In a one page paper, answer the following questions. In the United States milk often has a minimum prices set for it. So, this assignment is about a floor price set on milk (a common event).does the price control benefit or harm producers and/or consumers? Why? Be sure to discuss this question with or without the government buying any excess milk produced.