Examlex
What was one of Louis XIV's first goals when he assumed direct control as king of France?
Breakfast Cereal
A type of food made from processed grains, often eaten as the first meal of the day.
Perfectly Competitive
A market system where there are numerous buyers and sellers, unrestricted entry and departure, and a uniform product.
Sellers
Entities or individuals that make available goods or services for purchasing within the market.
Price Taker
An economic actor that accepts the prevailing market prices and lacks the power to influence those prices due to its small market share.
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