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When 4-year-olds describe a toy to a 2-year-old,they
Market Failures
Situations where market outcomes are not efficient, often justifying government intervention.
Better Business Bureaus
Organizations that provide information about businesses, handling consumer complaints and promoting ethical business practices.
Buyer Information
The details and data about consumers that are relevant for businesses in understanding their needs, preferences, and behavior.
Moral Hazard
A situation where one party is more likely to take risks because another party bears the consequences of those risks.
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