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Summarize the Major Explanations for Why the United States Features

question 57

Essay

Summarize the major explanations for why the United States features a two-party system and why it has remained stable for so long.


Definitions:

Efficiency Loss

The economic cost arising when market transactions do not allocate resources in the most beneficial way for society, often manifesting in deadweight loss.

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured or provides reimbursement for such expenses.

Competitive Pricing

A pricing strategy where businesses set prices based on the prices of similar products offered by competitors in the market.

Health Care Industry

A sector that provides medical services, manufactures medical equipment or drugs, provides medical insurance, or facilitates the provision of healthcare to patients.

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