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Price fixing is not illegal unless it hurts a competitor.
Price Ceiling
A legally imposed maximum price on goods or services, intended to protect consumers from high costs.
Doctor Visit
A scheduled appointment with a medical professional for the evaluation, diagnosis, or treatment of a health condition.
Excess Demand
Occurs when the quantity demanded of a good or service exceeds the quantity supplied at a given price, often leading to upward pressure on prices.
Price Ceiling
A price ceiling is a government-imposed limit on the price charged for a product or service, intended to prevent prices from rising above a certain level.
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