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There is no maximum price for any good in the American economy some excised goods like cigarettes have minimum prices.

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11y ago
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4d ago

The maximum price that can be legally charged for a good or service is typically set by government regulations or price controls. This is done to protect consumers from price gouging and ensure fair competition in the market. Violating these regulations can result in penalties or fines for the seller.

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Q: What is the maximum price that can be legally charged for a good or service called?
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