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What are two causes of market failure?
Ethical Behavior
Ethical behavior involves actions and practices that are considered morally right and fair, adhering to accepted social standards.
Global Economy
The interconnected marketplace of the world's economies, where goods, services, and labor are exchanged across international borders.
Command and Control
A military-inspired management style that emphasizes strict authority, obedience, and a clear chain of command in decision-making processes.
Leader
An individual who influences and guides others towards achieving collective goals, often possessing qualities such as vision, communication skills, and integrity.
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