ByteOnBikes@discuss.online to Political Memes@lemmy.world · 15 days agoEverything went from kinda expensive to really expensive.discuss.onlineimagemessage-square88fedilinkarrow-up11.42Karrow-down19
arrow-up11.41Karrow-down1imageEverything went from kinda expensive to really expensive.discuss.onlineByteOnBikes@discuss.online to Political Memes@lemmy.world · 15 days agomessage-square88fedilink
minus-squareCort@lemmy.worldlinkfedilinkarrow-up1·14 days agoAh, sorry, thought we were talking about business setting prices, not government intervention
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·14 days agoCorrect. What did you mean by setting a price floor?
minus-squareCort@lemmy.worldlinkfedilinkarrow-up1·edit-214 days agoWell, outside extreme circumstances, the manufacturer isn’t likely to sell below their own cost; hence the manufacturing cost is a price floor
minus-squareexplodicle@sh.itjust.workslinkfedilinkEnglisharrow-up1·14 days agoThat’s “at cost”, not a price floor.
minus-squareCort@lemmy.worldlinkfedilinkarrow-up1·14 days agoI still think that would be a de facto price floor, as opposed to the de jure definition you’re referencing.
Ah, sorry, thought we were talking about business setting prices, not government intervention
Correct. What did you mean by setting a price floor?
Well, outside extreme circumstances, the manufacturer isn’t likely to sell below their own cost; hence the manufacturing cost is a price floor
That’s “at cost”, not a price floor.
I still think that would be a de facto price floor, as opposed to the de jure definition you’re referencing.