A price floor represents
a maximum price that can be legally charged for a product or service.
a lottery imposed upon producers by the government.
a first come, first served mechanism for controlling prices.
a minimum price that can be legally charged for a good or service.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A price floor represents a maximum price that can be legally charged for a product or service. a lottery imposed upon producers by the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Let's say that you are in the market to purchase an already built house. Sort the items below into the correct bin based on whether the statement reflects something you need to know in order to purchase a house.
Answers (1)
Examine the method that fnb (first national bank) can use to compete with other banks in south Africa
Answers (1)
What does the size of the dividend per share of stock depend on?
Answers (1)
John, age 25, is a full-time student at a state university. John lives with his unmarried sister, Ann, who provides over half of his support. His only income is $4,200 of wages from a part-time job at the college book store.
Answers (1)
During a typical performance at seaworld what activities do the orcas do
Answers (1)
New Questions in Business
At the end of 2016, Nash's Trading Post, LLC has accounts receivable of $635,600 and an allowance for doubtful accounts of $23,140. On January 24, 2017, it is learned that the company's receivable from Madonna Inc.
Answers (1)
United Birdseed is expected to pay the following dividends over the next three years: After year 3, dividends are expected to grow by 5% per year forever. The expected/required return on United Birdseed stock is 10%. What is the stock price?
Answers (1)
Halestorm Corporation's common stock has a beta of 1.13. Assume the risk-free rate is 4.8 percent and the expected return on the market is 12.3 percent. What is the company's cost of equity capita?
Answers (1)
A monopoly creates a deadweight loss to society because it produces less output than the socially efficient level. a. true b. false
Answers (1)
A company sells two products with information as follows: A B Sales price per unit $12 $22 Variable cost per unit $10 $10The products are machine made.
Answers (1)