Examlex
Arrange these numbers in order from largest to smallest: 518, 43, 145, 78, 307
Equilibrium Price
The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a balance in the market.
Equilibrium Quantity
The quantity of goods or services supplied and demanded at the equilibrium price, where market supply equals demand.
Collusion
A secret or illegal cooperation or conspiracy, especially between parties to cheat or deceive others, commonly in the context of firms agreeing on prices or market shares.
Incentive To Cheat
The motivation or reason that drives individuals or organizations to break rules, norms, or agreements in order to gain an unfair advantage or benefit.
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