Price Floors, yo.

This is very similar to the price ceilings question... I don't think a price floor should be imposed by the government because companies have the ability to reach their own market equilibrium. If a product is priced too low, people will buy a lot of it and the company will run out of products to sell before the end of the day. Furthermore, the company will be unable to make a profit from products priced too low. Once the company realizes this, they will raise the price to reflect what consumers demand.