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One million automobiles have a defect that could cause the car to explode; however,only one of those cars will actually explode.Nobody knows which one car it is.When the car does explode,the victim's family will sue the automaker for $1 million and win.The defect costs $2 per car to repair.What does economics predict about the automaker's decision to repair the defect?
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Mentally
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A specific and consistent way in which certain actions, behaviors, or phenomena regularly occur.
Organizational Position
Refers to an individual's rank, role, or standing within the hierarchy of an organization, affecting their responsibilities and authority.
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