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What is the budget or maximum price limit?
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Trading is halted when a trader submits an order outside the maximum daily price limit and this feature permits traders, at little cost, to easily close the market intentionally or in error.
If the government wants to set maximum prices or limit price differentials, it can't also ignore movements in the wholesale market.
The auto makers are reluctant to say how, and to what extent, they may take advantage of the ruling, but lawyers for the companies said they could now force dealers to pass incentives along to customers, make dealers comply with nationally advertised maximum prices or limit prices in certain areas to try to regain market share.
Finally, maximum price-fixing can limit the total damage to consumers from the repeated markups that occur when all levels of the distribution chain manufacturer, wholesaler, and retailer are in the hands of firms with significant market power.
With a broker you are presumably smart enough to place limit orders, specifying a maximum price (which you will usually set very close to the last reported trade or the midpoint of the bid-ask spread).
When a minimum or a maximum price is reached or approached, efforts are made to ensure that prices remain within the two limits.
Her maximum price was $165,000.
His maximum price was $2,200 a month.
But that maximum price may go up.
Their price limit was $360,000.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com