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When a Free Market for a Good Reaches Equilibrium, Anyone

question 223

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When a free market for a good reaches equilibrium, anyone who is willing and able to sell at the market price can sell the good.

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Definitions:

Consensus Leader

Leader who encourages group discussion about an issue and then makes a decision that reflects the consensus of the group members.

Group Discussion

A form of communicative interaction where a small group of people engage in dialogue to exchange ideas, solve problems, or make decisions.

Decision Making

Choosing one alternative from the various alternative solutions that can be pursued.

Servant Leader

One who serves group members by working on their behalf to help them achieve their goals, not the leader’s goals.

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