Examlex
What is active listening,and why is it important in phone conferences?
Minimum Imposed Price
A price floor set by the government, preventing prices from falling below a certain level.
Deadweight Loss
An economic inefficiency that occurs when market equilibrium is not achieved or is distorted, typically due to a price floor, ceiling, or tax.
Price Control
A government-imposed limit on the price charged for a product.
Price Ceiling
A legal maximum price that can be charged for a good or service.
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