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Historically, which of these has been the most common form of national grant-in-aid to the states?
Tying
A sales strategy where a seller requires buyers to purchase a secondary product or service together with the primary product.
Output Effect
The change in total revenue resulting from a change in quantity sold, holding price constant.
Price Effect
The price effect describes how changes in price influence the quantity demanded or supplied in the market.
Oligopolist
A market participant in an oligopoly, a market dominated by a small number of firms.
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