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Price Leaders
Price leaders are companies that dominate their sector and can influence the market price of goods or services by setting a price others follow.
Units Sold
The total quantity of an item or product sold within a particular time period.
Price Taker
A market participant that accepts the prevailing market prices and lacks the influence to change prices for goods or services.
Market Price
The ongoing rate at which a service or an asset is offered for buying or selling in a certain market.
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