To affect the market outcome, a price ceiling

a. must be set below the black market price.

b. must be set below the legal price.

c. must be set below the price floor.

d. must be set below the equilibrium price

The correct answer among the choices provided is option D. To affect the market outcome, a price ceiling must be set below the equilibrium price. The government can set a price ceiling to aid buyers. This is an attempt to maintain the prices other than the equilibrium level.

Profits and losses play an important role in helping  direct businesses toward productive projects and away from ones that are productive.

Explanation:

That is the essence of accounting and finance monitoring that the efforts that the company is carrying out are compensating with the corresponding profits; If this is not the case, we make corrections or start new projects. Knowing profits and losses, we can know if a business is viable or not.