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If a court applies res ipsa loquitur
Communist Central Planning
An economic system where the government makes all decisions regarding the production and distribution of goods and services.
Shortages
Situations where the demand for a product or service exceeds the available supply, often leading to waiting lists or increased prices.
Incentive Problem
Refers to situations in which the incentive structures, or rewards and punishments, do not encourage the desired behavior among individuals or entities, leading to efficiency or performance issues.
Communist Central Planning
A system where all economic and production decisions are made by the government, with the aim of equal distribution of wealth.
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