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Explain why coalitional behavior may require sophisticated cognitive abilities.
Economic Inefficiency
A situation where resources are not allocated optimally, leading to waste or lost potential output.
Political Process
The set of activities associated with making decisions in groups or other forms of power relations between individuals, such as government policy-making.
Efficient Projects
Projects that are executed in such a manner that maximizes output or benefits with the least input or resources, often aligned with the goals of cost-effectiveness and sustainability.
Inefficient Projects
Projects that do not make the best use of resources, leading to wastage or less optimal outcomes.
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