Examlex
Which of the following definitions is INCORRECT?
Market Price
The ongoing market rate for buying or selling an asset or service.
Highly Competitive
A market structure characterized by a large number of small firms, free entry and exit, and a high level of competition where no single firm can significantly influence market prices.
Simple Indicator
A quantitative measure that can be used to gauge or describe the performance or status of a particular phenomenon.
Sellers
Individuals or entities that offer goods or services for sale to buyers in the market.
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