Examlex
Which of the following is a drawback of the market approach of valuation?
Crude Oil
A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials.
Gasoline Market
The supply, demand, and trading of gasoline as a commodity, including its production and distribution.
Equilibrium
An equilibrium where demand from the market matches its supply, stabilizing prices as a consequence.
Substitute
A product or service that can be used in place of another to satisfy the same needs or desires.
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