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Black Market
An illegal market where goods or services are traded without compliance with legal requirements, often including the sale of illicit goods.
Illegal Trading
Unlawful transactions of goods or services that may involve insider trading, market manipulation, or trading of illegal items.
Equilibrium Price
The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to market stability.
Equilibrium Quantity
The quantity of goods or services supplied that equals the quantity demanded at the market equilibrium price.
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