Examlex
Converting verbs into noun expressions
Minimum Price
Is the lowest price at which a product or service can be sold, often set by law or regulation to protect producers or consumers.
Producer
An individual, company, or entity that creates goods or provides services.
Total Cost
The entirety of expenses, fixed and variable, involved in the production of services or goods.
Market Price
The existing value at which an asset or service may be sold or acquired in a trading environment.
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