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Which term refers to a legally established minimum price that firms may charge?

Tidy

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Which term refers to a legally established minimum price that firms may charge?

Which term refers to a legally established minimum price that firms may charge?
A) a price ceiling
B) a subsidy
C) a price floor
D) a tariff

Textbook

Essentials of Economics

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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