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Special Exercises
There are at least six lethal forms of E.coli that can end up in our meat or on our produce that are so virulent,they hospitalize people and even kill them.However,in the U.S.only one,E.coli 0157:H7,is officially termed an adulterant,which means any ground beef that tests positive for it cannot be sold for human consumption.There are no requirements for companies to test for the other lethal strains,and it is not illegal for them to be present in food.Match each action with what it illustrates.You may use a response once,more than once,or not at all.
-As tests become available some companies are not waiting for a law that requires it.
Adverse Selection
Adverse selection refers to a situation where sellers have information that buyers do not, or vice versa, about some aspect of product quality.
Utility Function
A mathematical representation of how consumers rank different bundles of goods according to their level of satisfaction or utility.
Wealth
The presence of significant financial assets or tangible property that can be transformed into a medium suitable for trade.
Pain Of Losing
The emotional or psychological distress experienced after suffering a loss, often more intense than the joy of equivalent gains.
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