resale price limits

Resale price limits refer to regulations that set a maximum price at which retailers can sell certain products. These limits aim to prevent price gouging, protect consumers, and ensure fair competition among retailers. By capping prices, authorities can help maintain market balance and prevent major price fluctuations that could arise from excessive demand or supply issues. This concept can apply to various industries, including pharmaceuticals and essential goods, ensuring that basic necessities remain affordable for everyone. While it provides consumer protection, it also encourages companies to manage their pricing strategies responsibly.