Examlex
For which market structure do economists have the least precise model of price determination?
Median Voter
A theoretical concept suggesting that the outcome of a majority vote is likely to reflect the preferences of the median, or middle, voter when preferences are aligned along a single dimension.
Election Outcome
The result of a voting process in which a person or proposal is selected among a set of candidates or options.
Deregulation
The removal of most or even all of the government regulation and laws designed to supervise an industry. Sometimes undertaken to combat regulatory capture.
Economists
Experts or professionals who study, develop, and apply theories and concepts in economics to analyze how societies utilize scarce resources.
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