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The System That Relays Messages in the Form of Electrochemical

question 58

Multiple Choice

The system that relays messages in the form of electrochemical impulses throughout the body is called the __________ system.


Definitions:

Producer Surplus

The discrepancy between the price at which sellers are prepared to offer a product and the actual selling price they obtain.

Market Failure

The failure of a market to be efficient; when the individual pursuit of self-interest leads to bad results for society as a whole.

Market Power

The ability of a producer to raise prices.

Externalities

External benefits and external costs.

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