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The informal institution-based view that stresses on the cognitive pillar is centered on the internalized taken-for-granted values and beliefs that guide firm behavior.
Price Ceiling
A government-imposed limit on how high the price of a product can be charged in the market, usually to protect consumers.
Legal Minimum
A legally established lower boundary on the price at which a good or service can be sold in the market.
Market Price
The contemporary price point at which goods or services can be transacted in a trading space.
Rent-Control Laws
Regulations that limit the amount landlords can charge for leasing residential properties to ensure affordability.
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