Examlex
Which of the following is not a form of sharp practice?
Price Mechanism
The process by which prices rise or fall as a result of changes in supply and demand, guiding the allocation of resources in a market economy.
Competing Firms
Businesses that operate in the same market, offering similar products or services, and vie for the same consumer base.
External Benefit
A benefit gained by individuals or society that is not reflected in market transactions, often associated with positive externalities.
Third Party
In the context of transactions, a third party is an entity besides the two primary parties involved, often providing an additional service or playing a regulatory role.
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