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2-9 Large banks tend to make business decisions based on personal knowledge of customers creditworthiness and business conditions in the local communities.
Market Price
The current price at which a good or service is bought and sold in a marketplace, determined by supply and demand dynamics.
Unit Of Output
The measure of the quantity of a product or service produced by a firm, industry, or economic sector.
Competitive Industry
An industry in which no single firm has the power to influence the price of its product; there are many sellers and buyers, and products are largely homogeneous.
Limited Supply
A condition where the availability of a particular good is restricted in the market, often leading to increased prices.
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