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People in the eastern part of Beirut are prevented by border guards from traveling to the western part of Beirut to shop for or sell food.This situation violates the perfect competition assumption of:
Property Rights
Legal rights to possess, use, and dispose of assets including real estate, personal property, and intellectual property.
Incomplete
Not having all parts or elements; lacking something.
Private Ownership Rights
Legal entitlements that allow individuals or companies to own property and assets, giving them control over use, management, and disposal.
Well Enforced
A term indicating that laws or regulations are effectively implemented and adhered to.
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