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Why might bargaining break down when parties negotiate to remedy a market failure and its associated externality?
Unstable
Lacking in stability, predictability, or consistency, often leading to unpredicted changes or outcomes.
Specific Factors
Elements or conditions that are distinct and contribute to a particular outcome or situation.
Prototype
The object that has the greatest number of attributes characteristic of the concept and that is therefore the most typical member of that concept.
Attribute
A feature of an object or event that varies from one instance to another.
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