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Identify the difference between the subjective and objective tests of entrapment. Identify two elements in the subjective test of entrapment and the two kinds of circumstances the government can use to prove defendants' predisposition to commit crimes.
Market Equilibrium
A situation in which market supply and demand balance each other, and as a result, prices become stable.
Pareto Optimality
A state of allocation of resources in which it is impossible to make any one individual better off without making at least one individual worse off.
Partial Equilibrium
An analysis in economics focusing on the equilibrium of a specific sector or market without considering the whole economy.
Equity
The value that would be returned to shareholders if a company's assets were liquidated and all its debts repaid.
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