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Which Term Refers to a Legally Established Minimum Price That

Question 123

Multiple Choice
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

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

Correct Answer:

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