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If the Social Value of Producing Robots Is Greater Than

question 56

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If the social value of producing robots is greater than the private value of producing robots, the private market produces too few robots.


Definitions:

Synapse

A junction where information is transmitted from one neuron to the next in the nervous system.

Receptors

Specialized cells or structures in the body that respond to specific chemical, physical, or environmental stimuli.

Postsynaptic Dendrite

The part of a neuron that receives signals from other neurons at the synapse.

Terminal Buttons

Parts of the neuron, at the end of axons, that release chemical signals from the neuron into the synapse.

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