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A limit price is the price set by a monopolist to discourage economic entry into a market. The limit price is the price that the entrant would face upon entering as long as the incumbent firm did not decrease output. The limit price is often lower than the average cost of production or just low enough to make entering not profitable.
For example, a person in Miami purchasing equipment from a manufacturer in Chicago could receive a price quote of "$5000 FOB Chicago", which would indicate that the buyer would be responsible for the shipping from Chicago to Miami. If the same seller issued a price quote of "$5000 FOB Miami", then the seller would cover shipping to the buyer's ...
A price ceiling is a government- or group-imposed price control, or limit, on how high a price is charged for a product, commodity, or service. Governments use price ...
However bride prices were sent in secret during the Cultural Revolution following a public discouragement on bride price, which was seen as a feudalist legacy. [19] Since Deng's reform, bride prices vary from CN¥ 1,000,000 in famously money-centric [20] [21] Shanghai [22] [23] to as little as CN¥ 10,000.
"Free and open-source software" (FOSS) is an umbrella term for software that is simultaneously considered both free software and open-source software. [5] The precise definition of the terms "free software" and "open-source software" applies them to any software distributed under terms that allow users to use, modify, and redistribute said software in any manner they see fit, without requiring ...
According to the PMBOK (7th edition) by the Project Management Institute (PMI), Fixed Price Economic Price Adjustment Contract (FPEPA) is a "fixed-price contract, but with a special provision allowing for predefined final adjustments to the contract price due to changed conditions, such as inflation changes, or cost increases (or decrease) for special commodities".
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.
Marie Antoinette Wright (born February 7, 1968), better known by her stage name, Free, is an American media personality, television producer, choreographer, rapper, and philanthropist. She became known as the first host (alongside A. J. Calloway ) of Black Entertainment Television 's 106 & Park until 2005.
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