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What Are Some of the Potential Obstacles That Can Lead

question 256

Essay

What are some of the potential obstacles that can lead to market failure by preventing a market from reaching the efficient outcome? Briefly define each obstacle.


Definitions:

Key Pair

The two keys used in public-key encryption.

Instant Messaging

A type of online communication service that enables real-time text transmission over the internet.

Communicate

The act of sharing or exchanging information, thoughts, or messages through speech, writing, signals, or other methods.

CGI Script

A program designed to be run on a web server in order to produce dynamic web pages.

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