Price floors are illegal in the United States.

Name: Price floors are illegal in the United States.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

Price floors are not illegal in the United States. They are a policy tool that can be implemented in certain markets and industries, although they can have unintended consequences such as surpluses or reduced demand. However, price gouging laws may set a minimum price for certain goods in times of crisis, but this is not considered a price floor.

Price Floors Are Illegal in the United States