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PRICE FLOOR

                   •  MINIMUM LEGAL PRICE SET BY GOVERNMENT ABOVE THE EQUILIBRIUM

                       PRICE

                   •  TO PROTECT THE WELFARE OF PRODUCER
                   •  GOV THINK PRICE TOO LOW; FESTIVAL SEASON
                   •  ADV: RAISE SELLERS’ INCOME

                   •  DISADV: UNFAIR TO CONSUMERS AND WASTE OF RESOURCES
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