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Benji's manager tells him that the company is considering some changes to the backup policy because management has decided that it cannot lose any more than 2 hours' worth of data. Which of the following policies, or goals, is the manager describing?
Price Ceiling
A government-imposed limit on how high a price can be charged on a product or service, intended to protect consumers from conditions that could make commodities prohibitively expensive.
Price Floor
A government-imposed minimum price that can be charged for goods or services, intended to prevent prices from falling too low.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product or service.
Equilibrium Price
The market price at which the quantity demanded of a good equals the quantity supplied, resulting in no surplus or shortage in the market.
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