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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 Emergency Price Control Act was penned as three titles specifying rulings for price controls regarding agricultural commodities, goods and services, and real property. The Act provided authority for enforcement, investigative reporting, and reviews of price stabilization schedules by the Office of Price Administration. The law specified a ...
Vertical price fixing includes a manufacturer's attempt to control the price of its product at retail. [7] In State Oil Co. v. Khan, [8] the U.S. Supreme Court held that vertical price fixing is no longer considered a per se violation of the Sherman Act, but horizontal price fixing is still considered a breach of the Sherman Act.
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The author then discusses various devices and controls adopted by the regulators, including rationing, cost-control, subsidies, and universal price-fixing, to avert these consequences. [ 3 ] Hazlitt argues against price-fixing and its consequences, claiming that although price-fixing may seem to work for a while, especially during times of ...
Kenya's dominant telecoms operator, Safaricom (SCOM.NR), predicted strong profit growth this year due to an easing of political tensions and hit back at mooted regulatory proposals to control data ...
The Economic Stabilization Act of 1970 (Title II of Pub. L. 91–379, 84 Stat. 799, enacted August 15, 1970, [2] formerly codified at 12 U.S.C. § 1904) was a United States law that authorized the President to stabilize prices, rents, wages, salaries, interest rates, dividends and similar transfers [3] as part of a general program of price controls within the American domestic goods and labor ...
Plus: Gainesville shrinks minimum lot sizes, a Colorado church can keep providing shelter to the homeless, and Berkeley considers allowing small apartments everywhere.