Price controls are fairly widely spread, actually. Some examples that come to mind immediately: taxis in most countries, fees of medical doctors, lawyers, and some other professionals (e.g. real estate agents) in Germany and probably many other countries.<p>Prices must be set <i>somehow</i>, and there are many markets where setting them via regulation is a good thing. Taxis are a perfect example: since they&#x27;re often used by travellers who are unfamiliar with a city, having a clear system determining the price is beneficial.<p>I think it&#x27;s important to keep those examples of (mostly) beneficial price controls in mind, since obviously the examples where price controls fail spectacularly are more salient, and hence there may be a misleading bias in how price controls are perceived.