PRICEFLOOR

Price floor

A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product. A price floor must be greater than the equilibrium price in order to be effective.

The above text is a snippet from Wikipedia: Price floor
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price floor

Noun

  1. An imposed lower limit on the price charged for a good or service.


The above text is a snippet from Wiktionary: price floor
and as such is available under the Creative Commons Attribution/Share-Alike License.

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