Examlex
A slide in Gianna's presentation contains a bulleted list. She applied an entrance animation to the list. As each bulleted item appears, she wants the previous item to change to a lighter color. How can she do this?
Market Failure
Occurs when resources are misallocated, or allocated inefficiently. The result is waste or lost surplus.
Rent-Seeking
The practice of seeking to increase one's share of existing wealth without creating new wealth, often through manipulation or exploitation of the legal or political environment.
Monopoly Powers
The ability of a single seller or company to control the market for a good or service, often resulting in limited competition.
Impossibility Theorem
A theory, often associated with economist Kenneth Arrow, stating that no rank-order voting system can simultaneously fulfill certain fairness criteria.
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