Examlex
To make sure that defendants do not escape responsibility for injury caused to others, courts allow plaintiffs to sue the defendant in two or more courts on the same claim.
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Collude
To cooperate with others, often secretly, to deceive or gain an unfair advantage in the market.
Market Demand
Market demand is the total quantity of a good or service that all consumers are willing to purchase at various prices within a specific time period.
Economic Profits
Earnings that exceed the total costs of production, including both explicit and implicit costs, indicating an above-normal return on investment.
Demand Curve
A visual representation that maps out the correlation between the price level of a good and how much of it consumers are willing to purchase.
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