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The Edict on Maximum Prices (Latin: Edictum de Pretiis Rerum Venalium, "Edict Concerning the Sale Price of Goods"; also known as the Edict on Prices or the Edict of Diocletian) was issued in 301 AD by Diocletian. The document denounces greed and sets maximum prices and wages for all important articles and services.
Antitrust laws make collusion even more difficult because of legal sanctions. Having a third party, such as a regulator, announce and enforce a maximum price level can make it easier for the firms to agree on a price and to monitor pricing. The regulatory price can be viewed as a focal point, which is natural for both parties to charge.
Naxian marble is a large-crystaled white marble which is quarried from the Cycladic Island of Naxos in Greece. It was among the most significant types of marble for ancient Greece and it continues to be quarried in modern times.
The proposed price hikes, which would take effect Jan. 19, include a 3.2 percent increase for Priority Mail and Priority Mail Express services. USPS Ground Advantage rates would rise by 3.9 ...
Austin, TX, USA, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Acoustic Ceiling Tiles Market Size, Trends and Insights By Type (Mineral Wool Ceiling Tiles, Metal Ceiling Tiles, Gypsum Ceiling Tiles, Wood Ceiling Tiles, Others), By Application (Commercial Buildings, Educational Institutions, Healthcare Facilities, Industrial Settings ...
US shale producers would lose market share if Trump's policies slash gas prices, Bob McNally said. "You cannot have $1.50 pump prices and a thriving shale oil sector. Period." A deep recession ...
Price gouging is a pejorative term used to refer to the practice of increasing the prices of goods, services, or commodities to a level much higher than is considered reasonable or fair by some. This commonly applies to price increases of basic necessities after natural disasters. Usually, this event occurs after a demand or supply shock.
The median price increase of the drugs being hiked Jan. 1 is 4.5%, which is in line with the median for all price increases last year. Drugmakers to raise US prices on over 250 medicines starting ...