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Simplify the rational expression. Use factoring, and assume all variable expressions represent positive real numbers.
-In an economics study, three quantities m, p, and q have been found to be related by the equation
Price Ceiling
A price cap established by the government to regulate the maximum charge for goods, services, or commodities.
Crude Oil
A natural, unrefined petroleum product composed of hydrocarbon deposits.
OPEC
The Organization of Petroleum Exporting Countries, an intergovernmental organization of oil-producing countries that aims to manage the supply of oil to stabilize prices and ensure steady earnings.
Price Ceiling
A government-imposed maximum price that can be charged for a good or service, intended to protect consumers from high prices.
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