Examlex
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United States
A country in North America, consisting of 50 states and a federal district, known for its significant influence on global politics, economy, and culture.
Perfectly Competitive
A market structure characterized by a large number of buyers and sellers, where no single entity has the power to influence the market price.
Equilibrium Wage
The wage rate at which the quantity of labor demanded equals the quantity of labor supplied.
Equilibrium Wage
The compensation rate at which labor demand from businesses meets labor supply from employees.
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