Procter & Gamble encountered strict price controls in Venezuela in the late 1980s.This showed that when selective controls are imposed, foreign companies are more vulnerable to control than local ones.

Question

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The statement is true. The example of Procter & Gamble in Venezuela illustrates how foreign companies may be more vulnerable to price controls than local companies under selective controls.

Procter & Gamble Encountered Strict Price Controls in Venezuela in the Late