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Give an example of government intervention that is intended to reduce an externality.
Mailbox Rule
A legal principle that an offer is considered accepted once the acceptance is dispatched by the offeree, not when it is received by the offeror.
Dispatched
The process of sending off to a destination or for a purpose, often used in contexts of mail, orders, or tasks being sent out or completed.
Insurance Company
A business entity that provides financial protection or reimbursement against losses to individuals or entities, in exchange for the payment of premiums.
Merchants
Individuals or entities involved in the wholesale or retail purchase and sale of goods, often specialized in a particular trade or business.
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