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Max-price is set to the On-Demand price of the instance type the ASG launches per instance. So if the ASG launches a c4.large, that instance will be launched with the Max-price set to the On-Demand price of c4.large. Then if it launches an m4.large, Max-price for that instance is set to the On-Demand price of m4.large, etc. etc.
answered 6 years ago
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