Examlex
Please define the following key terms. Show Who? What? Where? When? Why Important?
-Francis of Assisi
Price Floor
A legal minimum price below which a good or service cannot be sold.
Pharmaceutical Companies
Pharmaceutical companies are businesses licensed to research, develop, market, and distribute drugs, typically in the context of healthcare.
Competitive Market
A market structure where numerous buyers and sellers interact, and no single buyer or seller can influence the price of a good or service, leading to an efficient allocation of resources.
Drug Sales
The commercial activity of selling medications, including both prescription drugs and over-the-counter products.
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