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A six-year-old recently diagnosed with asthma also has a peanut allergy. The nurse instructs the family not only to avoid peanuts, but also to check food label ingredients carefully for peanut products and to make sure dishes and utensils are adequately washed prior to food preparation. The mother asks why this is specific for her child. The nurse should reply that in comparison with other children, this child has a higher risk for:
Higher Prices
An increase in the cost that consumers must pay to purchase goods or services.
Income Redistribution
The transfer of income from certain individuals or groups to others through mechanisms like taxes, welfare programs, and subsidies, aimed at reducing economic inequality.
Economic Profit
The gap between a company's overall earnings and all its expenses, comprising both direct and indirect costs.
Pure Monopoly
A market structure where a single firm controls the entire supply of a product or service, with no close substitutes.
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