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If the demand for donuts is inelastic, then an increase in the price of donuts will
Efficient Market
A market in which prices fully reflect all available information and assets are priced accurately.
Moral Hazard
The situation where one party takes risks because they know they will not bear the full consequences of their actions, often due to asymmetric information or contracts.
Supply Curve
A visual model that illustrates the association between the pricing of goods and their supply quantity.
Diversification
Reducing risk by investing in several different things, so that the possible losses are independent events.
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