Examlex
ER modeling is a widely used logical database modeling method.
Price Ceiling
A legal maximum price that can be charged for a good or service, aiming to prevent prices from rising too high.
Monopolist
An entity with exclusive control over the supply of a particular good or service, setting prices and production levels.
Price Discrimination
A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different customers.
Perfect Competition
A market structure characterized by a large number of small firms, a homogeneous product, freedom of entry and exit, and perfect information, leading to firms being price takers.
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