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An Externality Is an Example of a Market Failure

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An externality is an example of a market failure.


Definitions:

Sexism

Prejudice, stereotyping, or discrimination, typically against women, on the basis of sex.

Social Structure

The organized pattern of social relationships and social institutions that together compose a society.

Stable Patterns

Denotes consistent and enduring behaviors, practices, or conditions that persist over time within a society or environment.

Social Relations

The connections and interactions between individuals and groups in society, including their social structures and organizations.

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