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Which of the following would be considered an example of informal institutions?
MTBF
Mean Time Between Failures, a reliability metric for products and systems that estimates the average time between operational failures.
System Reliability
The probability of a system or component performing its required functions under stated conditions for a specified period of time.
Parallel Components
Components that are designed to work alongside each other within a system, often to increase redundancy and reliability.
Cost Curves
Graphical representations that show how the cost of producing a good or service changes with changes in the production volume.
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