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Explain How Government Can Integrate External Benefits in a Market

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Explain how government can integrate external benefits in a market.


Definitions:

Juriscience

The scientific study of law and legal principles, often employing methods from various disciplines to understand legal systems.

Diamond v. Chakrabarty

A landmark U.S. Supreme Court decision in 1980 that held genetically modified organisms can be patented, expanding the scope of what is considered patentable material.

Patent a Life-form

The legal procedure to obtain exclusive rights for the invention or discovery of a new and unique living organism.

United States Supreme Court

The highest court in the United States of America, with ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

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