A Legally Imposed Upper Limit on a Price Is Called

question 32

Multiple Choice

A legally imposed upper limit on a price is called

• A)a price floor.
• B)a price support.
• C)an excise price.
• D)a price ceiling.
• E)a government price.

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Definitions:

Process

A series of actions or steps taken to achieve a particular end; in legal terms, it often refers to the proceedings in courts or the issuance of court orders.

Mode of Treatment

The manner or method in which something, often a medical condition, is treated or handled.

Patent Infringement

The unauthorized use, sale, or manufacture of a patented invention within a country by someone other than the patent holder.

Lanham Act

A federal statute that governs trademarks, service marks, and unfair competition, providing protection to the owners of marks and the public.