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A factor that is NOT a possible reason for market failure is:
Security Entitlement
A legal right or interest that an individual has in a financial asset that is held by a securities intermediary.
Chattel Paper
A document or record that evidences both a monetary obligation and a security interest in or lease of specific goods.
Tangible
Refers to physical objects or assets that can be seen and touched.
Electronic Record
A document or data that is created, stored, and retrievable in electronic form.
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