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The man who established the first school for mariners was
Threshold
The point at which a particular effect, reaction, or change occurs, often marking the boundary or limit for certain actions.
Lemons Problem
A market problem arising when buyers cannot distinguish between high-quality and low-quality products, leading to an overall drop in product quality.
Free Agents
Individuals or entities that are available to provide services or work without being bound by long-term contracts, often used in the context of professional sports or employment.
Asymmetric Information
A situation in which one party in a transaction has more or superior information compared to another, often leading to an imbalance in the transaction.
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