Examlex
Describe what happens in parallel importing. What are the advantages and disadvantages of this practice?
Sweden
A Scandinavian country known for its high standard of living, strong welfare state, and active role in international peace and security.
Market Failure
A situation in which the allocation of goods and services by a free market is not efficient, often justifying government intervention.
Monopoly
A monopoly exists when a single entity exclusively controls the supply of a particular good or service, often limiting competition.
Externalities
Economic side effects or consequences of commercial activities that affect other parties without being reflected in costs.
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