Final answer:
During World War II, a wage freeze led corporations to offer retirement funds, showcasing a price ceiling to maintain fairness. Price ceilings regulate the maximum price suppliers can charge.
Explanation:
During World War II, a wage freeze was implemented, and corporations offered fringe benefits like retirement funds to bypass the freeze legally. This scenario was an example of a price ceiling. Employers started offering such benefits to attract and retain employees despite the wage freeze. Price ceilings prevent suppliers from charging more than a specific price and were imposed to ensure fair access to goods during wartime scarcity.
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