Examlex
What is a "twin study"?
Market Failure
A scenario where goods and services distributed by an unrestricted market fail to achieve efficiency, frequently making a case for governmental involvement.
Poor Information
A situation where individuals or entities make decisions based on incomplete, inaccurate, or misleading information.
Repeat-purchase Item
A product or service that is bought by consumers on a regular basis due to its continuing need or satisfaction.
Free Riders
Individuals or entities that benefit from resources, goods, or services without paying for them or contributing to their provision.
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