If P(A or B)= 1,then a and B Must Be

question 99

True/False

If P(A or B)= 1,then A and B must be collectively exhaustive.

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Definitions:

Farmers

Individuals or entities engaged in the practice of agricultural production, cultivating plants and livestock for food, fiber, and other products.

Price Supports

are government-implemented mechanisms designed to maintain the market price of a good at a certain level to benefit producers.

Overallocation

The process of distributing or assigning more resources or rights than are available, often leading to shortages or conflicts.

Underallocation

A situation in which resources are not distributed efficiently, often leading to a failure to meet demand for certain goods or services.