Examlex
Company A offers a line of products to a single segment.Company B offers multiple products to multiple segments.Company B will most likely outperform company A.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product or service, intending to protect consumers from excessive prices.
Price Floor
A price floor is a government- or authority-imposed minimum price set above the equilibrium price, preventing the market price from falling below it.
Shortage
A situation where demand for a product or service exceeds its supply in a market.
Surplus
The amount by which the quantity supplied of a good exceeds the quantity demanded at a specific price.
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