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What Are Some of the Potential Obstacles That Can Prevent

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Essay

What are some of the potential obstacles that can prevent a market from reaching the efficient outcome? Briefly define each obstacle.


Definitions:

"I" Statements

A communication technique that emphasizes personal feelings and responsibility by starting sentences with the word "I" instead of attributing actions or thoughts to others.

Defensive Reaction

A response aimed at protecting oneself from criticism, harm, or some perceived threat.

Forgiveness

Accepting that circumstances cannot be changed and letting go of resentment and anger for another person’s actions or words.

Digital Divide

The gap between individuals, households, businesses, and geographic areas at different socio-economic levels with regard to their opportunities to access information and communication technologies.

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