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How Are Rational Ignorance, Special Interest Groups, and Economic Inefficiency

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Essay

How are rational ignorance, special interest groups, and economic inefficiency related?


Definitions:

CH4

Methane, a colorless, odorless flammable gas that is the simplest alkane and a main component of natural gas.

Arithmetic Logic Unit

A digital circuit used in computers and calculators to perform arithmetic and logic operations.

Front Side Bus

A data bus that carries information between the CPU and a memory controller hub, known as the northbridge, in a computer's chipset.

Control Unit

Unit of the CPU that manages the switches inside the CPU.

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