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What Is a Market Failure? Why Do Market Failures Occur

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What is a market failure? Why do market failures occur?


Definitions:

Alcoholics Anonymous (AA)

A peer-led support group program designed to help individuals recover from alcoholism through a twelve-step program.

Harm-Reduction Approach

A strategy aimed at minimizing the negative health, social, and legal impacts associated with various human behaviors, without necessarily eliminating the behaviors.

Sponsorship

The provision of support, resources, or funding to an individual or event by an organization or individual, often for promotional purposes.

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