What is the maximum price that can be legally charged for a good or service called? minimum wage price floor maximum wage price ceiling

Maximum price ceiling

Explanation:

Maximum price ceiling is a means of regulation by government to set a price which no one must sell above. This is an act to protect consumers in the market

It is a regulation in favor of consumers. A price in which no seller must sell above is known as maximum price.

The minimum price is the direct opposite, and this regulation protects the sellers. It is a price which no one must sell below.

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