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Which of the following is referred to as a multilateral trading system?
Equilibrium Price
The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers.
Equilibrium Quantity
The supply and demand for goods or services are balanced at the current market price.
Pollution Market
An economic strategy for pollution control that encourages the reduction of pollutant emissions through financial incentives.
Equilibrium
The stage at which the market's demand matches its supply, ensuring price stability.
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