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Regulate prices to ensure against price-gouging

Not between exact activities for government to undertake, according to Adam Smith, would be for the government to: (1) maintain public institutions and public works. (2) protect society by invasion. (3) serves as a medium for law and justice. (4) regulate prices to make sure against “price-gouging.” (5) enforce contracts.

Hello guys I want your advice. Please recommend some views for above economics problems.

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