References………………………………………………………………………....... page Apple Antirust Case Abstract [optional]
Introduction [Introduction goes here.] [the purpose of the paper]
Price Controls
With the introduction of technology almost every aspect of our lives has changed even the way we read books. With items like tablets on the market consumers have found a new way to read with electronic books or more commonly known as e-books. They are also more affordable to make than there paperback versions. With this affordability companies like Amazon and jumped on the chance to enter this market. It was the start of a Monopoly Market Structure until Apple jumped in. In the State of Texas a antitrust law suit was filed because it was found that Apple unlawfully conspired with major U.S. publishers to raise the prices of e-books.
Price Ceiling on Oil
Conclusion
History has already showed us the results of price controls in the market. Although the long-term effects may not be apparent, such as companies shutting down because of its inability to maintain the controlled prices and the unemployment that follow it is real. Artificially changing the laws of supply and demand and the additional non-monetary
