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[–] 1 point 1 year ago (4 children)

Ah, sorry, thought we were talking about business setting prices, not government intervention

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  • [–] 1 point 1 year ago (3 children)

    Correct. What did you mean by setting a price floor?

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  • [–] 1 point 1 year ago* (2 children)

    Well, outside extreme circumstances, the manufacturer isn't likely to sell below their own cost; hence the manufacturing cost is a price floor

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