In economics, tangible merchandise is referred to as

Any combination of two goods that lies beyond the production possibilities frontier

A) is currently impossible to produce. B) is currently possible to produce, but not worth trying. C) represents economic waste. D) represents a more efficient combination of output than anything lying on the frontier.

How is a preset price similar to a government-imposed price ceiling or a price floor? How is a preset price different from a government-imposed price ceiling or price floor?

Please provide the best answer for the statement.