Examlex
Which of the following statements is correct?
Competitive Equilibrium
A state in a market-based economy where supply exactly matches demand, and market prices stabilize.
Fair
Pertaining to actions, policies, or procedures that are just, equitable, and impartial.
Borda Count
A voting system used to rank options or candidates in which voters order their preferences, and options are assigned points based on their order in each vote.
Rank
A measure of the relative position of an element within a set, often referred to in contexts like matrices or competitions.
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