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Why are command- and -control regulations less flexible than incentive based systems?
Equilibrium Price
The price level at which the supply of goods matches the demand for goods.
Equilibrium Price
The price point at which the quantity of goods supplied equals the quantity demanded, resulting in market stability.
Market Price
The current price at which an asset or service can be bought or sold in a given market.
Equilibrium Price
The market price where the quantity of goods supplied is equal to the quantity of goods demanded.
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