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Describe the limitations of information systems.
Auto Pollution
Auto pollution refers to the emissions generated by motor vehicles that contribute to air pollution.
Equilibrium Price
Equilibrium price is the price at which the quantity of a good demanded equals the quantity supplied, thus no surplus or shortage exists.
Adverse Selection
A situation in which sellers have information that buyers do not (or vice versa) leading to transactions that favor the party with more information.
Malpractice Insurance
Insurance that provides coverage to physicians and other medical professionals for liability arising from disputed services that result in a patient's injury or death.
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