Examlex
What is a sensor?
Sellers
Individuals or entities that offer goods or services for sale to buyers in the market.
Perfect Competition
A market structure characterized by a large number of small firms, identical products, and free entry and exit which leads to firms selling at the market price.
Demand Curves
Graphical representations showing the relationship between the price of a good and the quantity demanded, assuming other factors remain constant.
Monopoly Model
An economic model describing a market where a single seller controls the market supply of a product which has no close substitutes.
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