In each round of the market experiment "Price Floors" you will be a seller. In the first two rounds you will be a seller in a free market. As a seller, you will make an "ask," where you offer a price at which you agree to sell the product. As a seller, before each round begins, you will be told your cost of producing a single unit of the good. You will not be able to ask a price that is lower than your cost. For example, if your cost is $10.00, you cannot ask $9.99. Your goal is to ask for and sell the good for the highest possible price, in order to maximize your gain (the difference between an accepted ask and your cost). In the third and fourth rounds, you will also post asks based on your cost and you will have the added restriction of a price floor. You won't be able to ask for an amount lower than either your cost or the price floor. Your cost changes each round. Part 2 As a seller, you will make an ask where you offer a price at which you agree to sell the product. Part 3