Interactive Glossary

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Minimum price:: A lower limit on price set by government. If set too high, the result is significant excess supply, resulting in output that is not purchased by consumers and often leading to some form of production restrictions. See surplus.

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Minimum efficient plant size
Minimum charge
Message unit
Merit goods
Merger
Merchant banks
Menu auctions
Megawatt-hour (mWh)
Megawatt (MW)
Mediation