Max Selling Price of Essential Commodities Act

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Title Supreme Court: Max Selling Price of Essential Commodities Act

Law: Republic Act No. 6124

Decision Date: Apr 2, 1970

A Philippine law aims to prevent monopoly and profiteering by fixing the maximum prices of essential articles or commodities, such as medicines, food, and construction materials, while also addressing shortages in supply and imposing penalties for violations.

fixing

maximum selling price

essential articles

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