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The beta of the market portfolio is?
Minimal Welfare
A social welfare system that provides only the most basic level of support to individuals who are unable to support themselves.
Neoliberal State
A type of government that strongly favors free-market capitalism, minimal government intervention in the economy, and reduction in social spending.
Authoritarianism
A political system characterized by a concentration of power in a leader or an elite not constitutionally responsible to the populace.
Economic Elites
A group of individuals holding significant wealth and power in a society, often influencing policy and decision-making processes.
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