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If private property rights were established in the oceans, there would probably be
Bipolar Disorder
Bipolar disorder is a mental health condition characterized by extreme mood swings, including episodes of mania and depression.
Depression
A mental health disorder marked by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.
Anxiety
A feeling of worry, nervousness, or unease typically about an imminent event or something with an uncertain outcome.
Posttraumatic Stress Disorder
Posttraumatic Stress Disorder is a mental health condition triggered by a terrifying event, causing severe anxiety, flashbacks, and uncontrollable thoughts about the event.
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Q163: Explain why the socially optimal output is