Examlex
Kleptomania is generally triggered by a strong compulsion and the inability of the consumer to fight the urge to shoplift.
Overprice
The act of charging a price for a product or service that is higher than what is considered fair or reasonable.
Industry Curve
A graphical representation showing how the average costs of production change as the total output of an industry changes.
Private Bargaining
The process of negotiating terms directly between parties without external intervention.
Externality
An outcome from economic behavior that impacts individuals not directly involved, which may be beneficial or harmful.
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