Examlex
Why would astronomers be interested in placing a gamma ray detecting observatory in space?
Equilibrium Price
The price at which the quantity of goods supplied is equal to the quantity of goods demanded.
Quota Price
The cost associated with acquiring a quota, which is a government-imposed limit on the quantity of a good that can be imported or exported.
Quota Rent
Revenue earned by the holder of a production or import quota, representing the market price minus the supply price under the quota limit.
Missed Opportunity
The failure to seize potential benefits due to lack of action or decision in a timely manner.
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