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State the Pauli exclusion principle.
Shareholders
Individuals or institutions that own shares in a corporation, giving them a stake in the company's ownership and profits.
Adverse Selection Problem
A situation where asymmetric information leads to the selection of poor-quality goods or candidates, as the chooser lacks information to make an optimal decision.
Incompetent
Lacking the necessary skills, qualities, or ability to effectively perform a specific job or task.
Moral Hazard
The risk that a party insulated from risk may behave differently than if they were fully exposed to the risk.
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