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In using the Premack Principle, it is important that the higher frequency behaviour happens first.
Price Floor
A government- or authority-imposed minimum price that can be charged for a good or service, intended to prevent prices from falling too low.
Market Price
The actual selling price of a good or service in the marketplace, determined by supply and demand dynamics at any given time.
Rent Controls
Government-imposed maximums on the rent that landlords can charge tenants.
Price Ceiling
A legally imposed maximum price on a good or service, usually set below the equilibrium price to keep the goods affordable for consumers.
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