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competitive equilibrium price
com·pet·i·tive e·qui·lib·ri·um price


noun 
Definition:
 
price when supply and demand match: in a competitive market, the price at which the quantity supplied of a product or service and the quantity of it demanded are equal
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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