Its gives other entrepreneur advantage over the entrepreneur in question.
Suppliers encompasses people who supplies raw materials, finished goods to the users which can be an organisation or an entrepreneur.
- Now, when there is competition, people tends to approach suppliers whose goods are cheaper. This gives some entrepreneur advantage over others because they sells at price at lower than their competitors.
- A typical example is when a supplier prefers to supply goods to an entrepreneur in an axis based on previous relationship. Other entrepreneur may suffers because they might get the product at higher price from another supplier
In conclusion, if price ceiling are employed, it will make uniform the price at the all suppliers will sell their goods to entrepreneur, hence, no entrepreneur will at higher advantage than others
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