Why Do We Need to Sleep? What Are the Health

question 37

Essay

Why do we need to sleep? What are the health consequences of sleep deprivation? In your answer, be sure to mention both physical and mental health consequences and the ramifications of sleep deprivation.

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Definitions:

Monopoly Power

The ability of a monopolist to significantly control market price and exclude competitors by owning a majority of the market share.

Demand Function

A mathematical relationship expressing the quantity of an item demanded at various prices.

Marginal Costs

The amount spent to produce a further unit of a good or service.

Deadweight Loss

A loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable.