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A Positive Feedback Loop Causes a System to Change in the Opposite

question 62

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A positive feedback loop causes a system to change in the opposite direction from which it is moving.


Definitions:

Reasonable Price

refers to a price that is fair and sensible in the context of the market value of a good or service, taking into consideration factors like cost, demand, and quality.

Breach Of Contract

The failure to perform as specified in a contract, without lawful excuse, by one or more of the parties involved.

Withdrawing Offer

The action of retracting a proposal or bid before it is accepted, rendering it void.

Promissory Estoppel

A legal principle preventing a party from withdrawing a promise that another party has reasonably and substantially relied on to their detriment.

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