Examlex
In Western Europe, the introduction of the Euro is slowly causing price differences among national markets to erode.
Market Power
The ability of a firm or group of firms to influence the price of goods or services in the market, often by controlling supply, market share, or technology innovations.
Utility Company
A company that provides essential services such as electricity, water, and natural gas to consumers and businesses.
Grocery Store
A retail establishment selling food and other household goods. Often considered an essential service providing everyday necessities to the public.
External Cost
Costs of a transaction or activity that affect parties who did not choose to incur that cost, often referred to in the context of negative externalities in environmental economics.
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