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Price Floor A price, usually imposed by law, below which market prices are not permitted to floor; also called a Floor Price. See Price Ceiling.
a price, usually imposed by law, below which market prices are not permitted to floor, also called a floor price, see price ceiling
price gouging ...
selling through auctions do not have control over final price, it is possible to control the minimum price by establishing a price floor or reserve price. In this way the product is only sold if someone's bid is at least equal to the floor price.
 See also: Offer, Approach, Discount, Marketing, Leader
  
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