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Why is it so important for managers to have good interpersonal skills?
Black Markets
Illegal trading of goods and services that occurs outside the official channels sanctioned by authorities.
Price Ceilings
An imposed limit on the price charged for a product or service, often set by government regulation to protect consumers from excessively high prices.
Market Intervention
Market intervention is the action taken by a government or a regulatory authority to affect the market for a particular good or service, typically to correct market failures.
Price Floor
A government- or authority-imposed price control or limit on how low a price can be charged for a product, service, or commodity.
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