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What Are the Two Possible Causes of Market Failure

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What are the two possible causes of market failure?


Definitions:

Parents' Divorce

The legal termination of a marriage by the parents of a child or children, often leading to changes in family structure and dynamics.

Autonomous Morality

A stage in moral development where individuals recognize that rules and laws are created for the welfare of the population and can judge actions by their intentions rather than just their consequences.

Moral Development

The process by which individuals acquire and understand values, ethics, and principles that guide responsible behavior and decision-making.

Relational Aggression

A form of aggression focused on damaging someone’s relationships or social standing, often through gossip or social exclusion.

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