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A welding symbol consists of a circle whose center is at the middle of the reference line. Two lines go through the circle parallel to the reference line, one above the reference line and one below it. To the left is the notation 0.22 and to the right is the notation 3.44. What does this welding symbol signify?
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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