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Which of the Following Sets of Terms Describe Milgram's Experiment

question 189

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Which of the following sets of terms describe Milgram's experiment on obedience to authority?


Definitions:

Economic Efficiency

A state where resources are allocated in a way that maximizes the production of goods and services without wasting any resources.

External Benefit

A benefit that results from an activity but affects uninvolved third parties who did not choose to incur that effect, often leading to market inefficiencies.

Inefficient Equilibrium

A state in a market where resources are not allocated optimally, leading to wastage or loss of potential gain.

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