Examlex
The __________ system is based on the theory that arguing over law and evidence guarantees fairness.
Market Supply
The total amount of a specific good or service that is available to consumers in a market at all possible prices.
Industry
A group of companies or businesses that produce the same products or services and are involved in the same type of economic activity.
Perfect Competitor's Demand Curve
A horizontal line reflecting a perfectly elastic demand situation where the firm can sell any quantity at the prevailing market price.
Perfectly Elastic
Describes a situation where the quantity demanded or supplied responds infinitely or extremely to changes in price.
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