Examlex
Deregulation results in decreased competitive activity.
Licenses
Official permissions granted by authorities allowing individuals or companies to carry out certain activities, such as driving or operating a business.
Price Floor
A government or group-imposed minimum price set above the equilibrium price, ensuring sellers cannot charge less than this amount.
Market-clearing Price
The price at which the quantity supplied of a product equals the quantity demanded, effectively clearing the market of any surplus or shortage.
Pumpkins
A type of squash plant known for its round, orange fruit used primarily for decoration, cooking, and as a symbol of Halloween.
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