Examlex
What do functionalists assume about societal institutions?
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded, typically downward-sloping, indicating that demand decreases as price increases.
Monopoly
A market structure characterized by a single seller of a unique product with no close substitutes, allowing them to control market prices.
Prices
The budgetary figure anticipated, demanded, or paid out for something.
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