Examlex
In ESWL, lasers are used to destroy renal calculi.
Demand Curve
A graph representing the relationship between the price of a good and the quantity demanded by consumers at various price levels.
Price Collusion
An illegal practice where competing companies agree on price levels rather than competing, harming consumer interests.
Price Fixing
An illegal practice where businesses agree on prices for their products or services, rather than letting competition in the marketplace determine them.
Price Signaling
The act of changing prices to convey information to consumers and competitors about a product's quality, demand, or supply.
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