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What should be the degrees of freedom (df) for fixed effects estimation if the data set includes 'N' cross sectional units over 'T' time periods and the regression model has 'k' independent variables?
Price Ceiling
A cap set by authorities on the maximum price that can be charged for a good or service, aimed at safeguarding the interests of consumers.
Equilibrium Price
The rate at which the demand for a good or service is equal to the supply, achieving a state of market equilibrium.
Market Imbalances
Situations where the quantity of a good or service supplied does not equal the quantity demanded, leading to surplus or shortage.
Drug Trade
The illegal production, distribution, and sale of drugs that are subject to drug prohibition laws.
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