Examlex
Define interval scale.
Tuition
The fee charged by educational institutions for instruction and training services.
Monopolist
A monopolist is a market participant that has exclusive control over the supply of a particular good or service, setting prices without competition.
Competitive Market
A market structure characterized by many buyers and sellers, where no single entity can influence the price or quantity of the product.
Interest Rate
The fraction of a loan subjected to interest charges for the borrower, conventionally expressed as a yearly percentage of the unpaid loan sum.
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