The correct answer is the option B: is the maximun price that can legally be charged.
Explanation:
To begin with, the concept known as<em> "price ceiling"</em> in the economics field refers to the practice that the government uses in order to establish a maximun price that is the one that can be legally charged to the consumers regarding certain products. This policy comprehends an instrument for the government that it uses it with the purpose to guarantee particular products or services that might be essential to the society so therefore the people can buy it.
According to Taylor, is the slow working because the workers who are paid the same amount , will work at the slowest pace. Giving bonuses is a way to mitigate this.
