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A related government intervention to price floor, which is also a price control, is the price ceiling; it sets the maximum price that can legally be charged for a good or service, with a common example being rent control. A price ceiling is a price control, or limit, on how high a price is charged for a product, commodity, or service.
The intent of price fixing may be to push the price of a product as high as possible, generally leading to profits for all sellers but may also have the goal to fix, peg, discount, or stabilize prices. The defining characteristic of price fixing is any agreement regarding price, whether expressed or implied.
Alauddin was the first Sultan of Delhi to pay all his soldiers in cash. [6] He determined that the maximum salary he could pay to a well-equipped cavalryman as 234 tankas, [a] with an additional 78 tankas for a cavalryman with two horses. [7] It appears that the cavalryman was expected to maintain his own horse and equipment from this salary. [6]
You need to compare prescription prices regularly, though, to ensure you’ll get the lowest price every time you order—especially for expensive brand-name medications which can cost thousands ...
According to the PMBOK (7th edition) by the Project Management Institute (PMI), Fixed Price Economic Price Adjustment Contract (FPEPA) is a "fixed-price contract, but with a special provision allowing for predefined final adjustments to the contract price due to changed conditions, such as inflation changes, or cost increases (or decrease) for special commodities".
When Assaf Sasson’s 2022 all-electric Porsche Taycan was damaged in a crash, he was prepared to pay his $500 insurance deductible to get it fixed.
As shown by Riley and Samuelson (1981), [1] equilibrium bidding in an all pay auction with private information is revenue equivalent to bidding in a sealed high bid or open ascending price auction. In the simplest version, there is complete information.
The lysine price-fixing conspiracy was an organized effort during the mid-1990s to raise the price of the animal feed additive lysine. It involved five companies that had commercialized high-tech fermentation technologies, including Archer Daniels Midland (ADM), Ajinomoto , Kyowa Hakko Kogyo , Sewon America Inc. and Cheil Jedang Ltd .