According to the lecture, all of the following are examples of environmental factors that influence mental health disorders EXCEPT: A. death B. brain damage C. divorce D. substance abuse Please select the best answer from the choices provided. having some coffee, offers Biz Stone, another founder. And though it seems unlikely that Twitter itself will disappear, the powerful mechanism it became over the years the one that made an often unprofitable company so valuable in the first place; the one that allowed a collectively conjured illusion to transform the real world seems to be sputtering and squealing, and all the noise is making it hard to communicate with the demon within. Even Trumps campaign rallies and governing style had this highly provisional, posting-like rhythm to them: He tried things out, saw what worked and pocketed those moves. a price per unit of discharge of pollution. Matt's concern stems from his recollection that the $100,000 note payable reported on the balance sheet is a three-year loan from his bank, approved earlier this year. (c) a pulp mill that produces paper and pollutes the surrounding water and air. How do you convert a series of nominal economic data over time to real terms? Choices (B), (C), and (D) are all examples of externalities. . All of the following are examples of negative externalities except one. Matt is flattered and says he will look over the loan application and get back to Larry concerning the$50,000 loan increase by the end of the week. d. are viewed favorably by most economists as a way to control pollution. In fact, I probably owe my career to it. d. subsidized Question: Each of the following is an example of a positive environmental externality except: . c) DefC Twitter is both short-form and fast-moving, which together make it feel conversational. the professional skateboarder Tyshawn Jones. Some of his opponents suspected his election might be the fault of the platform itself. But Twitter can, if you tell it just the right thing, shoot every last one of them at you through a little door, creating a pocket of extreme heat without anyone having meant to do much at all. AGGRESSIVECORPORATIONIncomeStatementFortheyearendedDecember31,2018NetsalesExpenses:CostofgoodssoldOperatingexpensesDepreciationexpenseTotalexpensesNetincome$110,00050,00010,000$200,000170,000$30,000, AGGRESSIVECORPORATIONBalanceSheetsDecember3120182017AssetsCurrentassets:Cash$10,000$0Accountsreceivable60,0000Inventory40,0000Long-termassets:Equipment100,0000Accumulateddepreciation(10,000)0Totalassets$200,000$0LiabilitiesandStockholdersEquityCurrentliabilities:Accountspayable$20,000$0Interestpayable10,0000Long-termliabilities:Notepayable100,0000Stockholdersequity:Commonstock40,0000Retainedearnings30,0000Totalliabilitiesandstockholdersequity$200,000$0\text{AGGRESSIVE CORPORATION}\\ \text{Balance Sheets}\\ \text{December 31}\\ \begin{matrix} Back then, the social internet was a more nave and hopeful place. c. Some firms can reduce emissions at a lower cost than other firms. All of the following are negative externalities in production except A. Secondhand smoke in a restaurant. He has changed all that too, and continues to tinker with them, seemingly based on passing whims and grudges or sometimes inscrutable urges. d) demand; right. d. d. 160 units The only way to prevent the collapse of the commons is government intervention. Its hard to look back on nearly a decade and a half of posting without feeling something like regret. B) Life cycle of a product from its production to use to ultimate disposal Command-and-control legislation, as compared to incentive-based regulation: E) Is an application of the precautionary principle to identify a chemical for further study, How might the inclusion of an externality affect the supply and demand of a product? The citizens of North Carolina will suffer higher emissions as a result of the emissions trading program. 0 units Musk has done many things to Twitter, both the app and the business, during his six months as chief executive and owner. \text{Total expenses} & \text{ } & \underline{170,000}\\ d. The Coase theorem states that in the presence of externalities, a market economy will: Jose owns a dog whose barking annoys Jose's neighbor Amy. The competitive price is higher and quantity higher than the socially efficient point. \text{Accumulated depreciation} & \underline{(10,000)} & \underline{0}\\ CreditPhotograph by Jamie Chung. But they would never again be as alone with their thoughts, even when they were off the platform. b) supply; right Instead, he suggests, we use the site as a vibes-detection machine a means of discovering subtle shifts in sentiment within our local orbits; a way to suss out, in an almost postrational way, which ideas, symbols and beliefs pair with one another. c. are unnecessary c. Republican Party supporters tend to prefer smaller less intrusive government and lower taxes. Cradle-to-cradle and cradle-to-grave analyses of manufactured goods can best be described as the study of the . . While mowing the lawn. b. will decrease efficiency b. Could the Coase theorem resolve this problem? . b. a. b. Which of the following is a market-based environmental policy? Required: B) Ecosystem services To Dorsey, the fact that Twitter creates a record of the world would be an incidental byproduct of all this status-sharing. Twitter could never be just about the outside world or about our internal ones; it would always have to be both. e. the answer cannot be determined from the information given, In Exhibit 17-1, the socially efficient level of output is c. d) The demand curve shifts to the right. Externality: An externality is a consequence of an economic activity experienced by unrelated third parties ; it can be either positive or negative. If a good is produced up to the point where marginal social benefit equals marginal social cost, then: Individuals will use the commons up to the point where marginal benefits equal marginal social costs. h. Luego sabemos que esas imgenes representan algunas fbulas del libro. If you are (all read, already), gentlemen, we may begin practice. E) Natural and human resources required for production, Recently the Los Angeles Unified School District adopted a new policy on the use of pesticides in schools. c) bargaining. 30. Pablo Delcan is a designer and art director from Spain who is now based in Callicoon, N.Y. His work blends traditional and modern techniques across mediums like illustration, print design and animation. The funds collected by the government will be enough to compensate any individuals harmed by the pollution. A paint production factory polluting the air. b. the group owns it An effluent tax is a tax imposed on rich people. An externality is an unanticipated consequence experienced by unrelated third parties. If a plant that employs 1,500 workers is assessed a tax to pay for its pollution costs, the firm will be likely to: And, of course, so was the president. d) DeaC. the number of free riders in the industry. Increased pollination rates of surrounding crop plants as a result of local beekeeping. Your Twitter profile was also your calling card, potentially a life raft to a new job. d. equals the value of the output level that maximizes the firm's profit c) the price of the permits will be the price at which the supply of permits of one firm will be equal to the demand for permits from the other firm. a. are viewed favorably by most economists as a way to control pollution. We could ask similar questions about Musk, whose increased exposure to the site has coincided with his transformation from beloved entrepreneur to substantially less beloved culture warrior. supporters earn more income (INCOME) than Aggressive Corporation approaches Matt Taylor, a loan officer for Oklahoma State Bank, seeking to increase the company's borrowings with the bank from $100,000 to$150,000. I was in college at the time, but I grew up in the city and went back for all my breaks. What is the maximum number of cookies the CM would eat in a day if cookies cost 5 cents each and he had a good income? Valuation, according to environmental and ecological economics, would include all of the following except? These results were especially true of conservatives. Luckily, the sheer inanity of the topic offered a measure of safety you dont typically get when you bring negative attention to yourself on Twitter. Did you hate the way the media reported on him? In order to understand how it works, Munger says, you have to act on it and allow it to act on you. You have to post. Which of the following is an example of an externality: d) Jose pays Amy $350 for her inconvenience, and keeps the dog. d. Willy Staley is a story editor for the magazine. I happen to know about Maxwells Demon only because it makes an appearance in Thomas Pynchons The Crying of Lot 49, a 1966 novella centered on a clandestine communications network that is used by a baffling array of people (anarcho-syndicalists, tech geeks, assorted perverts and cranks) and seems particularly popular in San Francisco. But for now, someone just turned up the lights, and its probably time to ask ourselves: What exactly have we been doing here for the last decade and a half? The profits realized from hiring more employees to increase production. b. The destructive gases cause damage to crops, buildings, and human health. All of the following are examples of negative externalities EXCEPT. The platform could continue to operate in some form, even as the mechanism slowly rusts or eventually grinds to a halt. But if we really want to understand what Twitter has done to us, surely it would make more sense to account for the millions and millions of more ordinary posts the platform generates by design. b. A) It will increase price and decrease quantity demanded c. between 100 and 160 units 35. b. Heck and others started posting #RIPScottBaio, and apparently did so with enough volume that it became a trending topic, persuading some untold number of people that the actor had died. Concept by Pablo Delcan, Elon Musk was troubled enough by Twitters role. II. His flu vaccination creates a(n): The private consumption of services that generate positive externalities, such as getting a college education, is usually _____ the socially optimal level of consumption. 22. All of the following are examples of negative externalities except one. B) Increased pollination rates of crop plants as a result of local beekeeping Nick Biltons 2013 book, Hatching Twitter, was disorienting reading for me, because it took me back to a place I thought I knew well: San Francisco, 2006. Perhaps worst of all, they would be gently cowed into talking about whatever it was everyone else was talking about, or risk being ignored, and replaced by someone who would. Pronto sabremos ms sobre la autora cuando publique su autobiografia. Lots of corporations had come to Twitter to offer quick customer service, and Heck and his friends enjoyed messing with them. If you work with someone who gets a flu shot during flu season, you are less likely to catch the flu. a. Its not as if this was a terribly original thought; I didnt wake up and introduce to our culture, on a random Wednesday, the idea that male nerds like to buy Star Wars memorabilia. d. c) the price of the permits will be the price at which the supply of permits of one firm will be equal to the demand for permits from the other firm. After all, everything you read on Twitter, whether it comes from the president of the United States or your local dogcatcher, is a result of the process known as posting. b) Coase Emissions-trading is trading that allows firms to buy and sell the right to pollute. inefficient in the short run and long run. set standards that are applicable to all situations and does not recognize unique circumstances. traffic congestion. Based on the figure, Sp (MPC) represents the private supply curve of a particular type of nail polish, whose manufacturer is associated with the release of toxic chemicals into the atmosphere. If you dont use Twitter which is perfectly normal; about three-quarters of Americans dont you should know that the platform has a function called quote-tweeting, which was introduced in 2015. It had grown from a place where people shared what they were having for lunch to one that was either changing the world or purely self-contained, a pearl of heightened reactions accreting around a tiny grain of provocation. 4. They also checked the site far less frequently and were more likely to find it uncivil. a. But Williams, who created Blogger and sold it to Google for millions, came to see something else in Twitter: To him, its potential lay in its ability to create a running record of what was going on in the outside world. Pollution emitted by a factory that spoils the . He wanted to call it Status, and it was important to him that the service be principally social. There are also numerous accounts Libs of TikTok most notorious among them that exist for this sole purpose: to drag speech out of its intended context in another gamified discourse, across the partisan divide, to make people mad. I thought about Maxwells Demon as I reconsidered the Star Wars-Le Creuset thing, and how clear it was that no one involved had even been especially angry. b) The supply curve shifts to the left. Why has a small sliver of humanity taken it upon themselves to heap their thoughts into this hopper every day? b. And only a small proportion of users post. See Page 1. d. \text{Accounts payable} & \text{$\$ 20,000$} & \text{$\$ 0$}\\ https://www.nytimes.com/2023/04/18/magazine/twitter-dying.html. Property rights can be defined and enforced, e. by government, by informal social actions, and by ethical norms, d. any cost or benefit of a transaction that is not accounted for in the market price. c) The demand curve shifts to the left. 26. Though none of us knew it at the time, a mysterious new respiratory disease had just begun circulating in central China. What if, Maxwell asked, you had a box split in two by a wall, and a tiny being sitting atop the wall, operating a little door, and this being was clever enough to track individual molecules and know how fast they were moving? Consumers taking the negative externality of traffic congestion into account might choose to drive less. Intro to Microeconomics (Final Exam) (Chapter, five inventions that shape the way we live to, Principles of Macroeconomics Finals Study Gui, Final Exam Study Econ - All Quiz Chapters, FE - Monopolistic Competition, Oligopoly, and, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Statistical Techniques in Business and Economics, Douglas A. Lind, Samuel A. Wathen, William G. Marchal, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer. D) Runoff of pesticides and fertilizers from a far into a nearby river B) Resource Conservation and Recovery Act (RCRA) a. He has laid off more than half the staff, changed the interface and functionality of the product and aggressively pushed users to sign up for a paid subscription version of the service. the good is overproduced and the market is inefficient. The Keynesian-cross model with autonomous investment and a specified full-employment level of output. e. total social cost equals total social benefit, a. marginal social cost equals marginal social benefit, David R. Anderson, Dennis J. Sweeney, James J Cochran, Jeffrey D. Camm, Thomas A. Williams, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman, Fundamentals of Engineering Economic Analysis, David Besanko, Mark Shanley, Scott Schaefer. d. b. Analicemos el libro por orden, de la tapa hasta la contratapa. Copy each of the following word pairs. The citizens of North Carolina will suffer higher emissions as a result of the emissions trading program. d. a tax on pollution control equipment. c. Notice that all of the columns except the one in the third position of the data . There was a roaster made to look like Han Solo frozen in carbonite ($450) and a Dutch oven with Tatooines twin suns on it (Our Dutch oven promises an end result thats anything but dry unlike the sun-scorched lands of Tatooine; $900). Econ 130-Fall 2016_ Quiz 6 b. obligatory controls c. pollution taxes d. private negotiations according to the Coase theorem Ans: A 5. a) regulation. 14. the external cost created by the pollutant. A) Standards for emission levels with fines when these levels are exceeded Twitter took the wild world of blogging and corralled the whole thing, offering writers a deal they couldnt refuse: Instant, constant access to an enormous audience, without necessarily needing to write more than 140 characters. D) Options for the disposal of solid waste generated by the product Dorsey was enamored of the idea; he had a tattoo that read 0daemon! All of the following are ways to cope with negative externalities except public choice obligatory controls pollution taxes Creating new property forms Private negotiations according to the Coase theorem Expert Solution Want to see the full answer? b) the regulator sets the price of the tradable permits. d. the government owns it c. Almost all the feedback you receive on the site comes from its most active users. b. The competitive price is higher and quantity lower than the socially efficient point. B. a factory producing air pollution that leads to acid rain in the neighboring forest area. So was I. Its possible the party will stretch on until sunrise, when the more sensible guests will return. \text{Equipment} & \text{$100,000$} & \text{0}\\ c. the good produces a positive externality d. d) no knowledge of marginal abatement costs is needed to ensure that the tax rate is optimal. Calculate net sales, gross profit, income before taxes, and net income. He recalls another promising new company that, just recently, defaulted on its loan due to its inability to generate sufficient cash flows to meet its loan obligations. Therefore, economists generally view externalities as a serious problem that makes markets inefficient, leading to market failures. The criminally fraudulent process of attempting to acquire sensitive information such as usernames, passwords b. In the novella, an East Bay inventor named John Nefastis has designed a box, complete with two pistons attached to a crankshaft and a flywheel, that he claims contains the molecule-sorting demon. Which of the following results in a negative externality? A government passes a new law allowing only 1,000 tons of pollution per day to be generated and simultaneously sells 1,000 transferable rights to emit one ton each of pollution per day. Pesticides will be employed only after nonchemical methods have been explored. b. b. I wrote, as an accompanying caption, The Star Wars/Le Creuset pots imply the existence of a Type of Guy I find genuinely unimaginable just like that, ellipsis and all. 23. This can act as a sort of centrifugal force, pushing people deeper into the belief structures of their team, and pushing moderates out of the conversation entirely. 2. 33. A market has a small number of buyers and sellers. D) Sustainable use Five were original posts to the timeline. B) II only d. tend to hurt wealthier people more than poor people. c. If you cant imagine those things, thats about you, not other people.; Showed my son, hes trying to find them to order them now. If we consider the posting side of things at all, it is to lament the excesses of cancel culture typically from the receiving end. e. marginal private cost divided by marginal external cost, d. marginal private cost plus marginal external cost, Society's total cost of producing a good 2. E) Acid deposition in the Adirondacks as a result of coal-burning power plants in the Midwest, The idea that all people regardless of ethnic or socioeconomic status deserve equal environmental conditions is a central principle of . Two of the biggest social movements of the last decade are often rendered as one word with a hashtag attached to it. d. Theres also some data about the heavy users, and though Pew would not approve, lets pretend, for our purposes, that it can be used to make a composite sketch of one. Whiskey is being poured into wineglasses, and the cheese plate has become an ashtray. This is an example of a(n): 7. A pulp mill that produces paper and pollutes the surrounding water and air. Tennessee emits sulfur dioxide that flows into North Carolina. D) Environmental justice A tax that is placed on an activity generating negative externalities in order to achieve a socially efficient outcome is a(n)_________ tax. b. And the most active social media users, Bail says, are a weird group of people. Somehow this fact doesnt override our desire to fit in, which is then pointed in strange directions: We see this distorted reality, Bail says, we understand it as reality, and we react accordingly. As we all do this, together, we create feedback loops that further warp the projection of reality. c) Advertising the harmful effects of pollution to encourage firms to pollute less. install scrubbers and other government-mandated equipment. Or would he be tweeting that he was witnessing a fire on Market and Third? B) Is a method for encouraging sustainability that includes incentives, regulations, and penalties B. The competitive price is lower and quantity higher than the socially efficient point. b. includes only the external cost a. It shuttered after a month. nuclear plants heat up nearby water, causing a decline in the native fish population. Requiring automobiles to have catalytic converters. b. If you pick a thousand people at random, you might not find many of us, and if you do, our derangement will be smoothed out into averages and obscured by medians, blinding you to the fact that the bulk of your Twitter reading comes from a tiny minority of the population that shares this peculiar deficiency with me. b) allowing firms with higher costs of polluting to pollute more and firms with lower costs of polluting to pollute less. \text{Long-term liabilities:} & \text{ } & \text{ }\\ increase the demand for the good produced. There was also Weird Twitter, an unfortunate label that refers as much to a specific group of people as to the sensibility they shared. c. no one owns it C) The industrial sector is heavily dependent on coal and renewable energy Consider the following diagram of a market where a positive externality is present. A _____ is added to the beginning of a word to alter its meaning. b. All of the following are examples of negative externalities except (a) global climate change as a result of greenhouse gas emissions from the burning of coal, oil, and gasoline. a. One compelling theory comes from Chris Bail, a sociology professor at Duke, who began studying Twitter in the years when these debates were raging. All content of site and practice tests copyright 2017 Max. Which of the following statements is true? 31. b. Photograph by Jamie Chung. d) Collective interests must not be met. This is an example of. The socially efficient level of output is determined where: 4. Statistically speaking, no one in the bottom 75 percent even posted at all: They produced a median of zero posts a month. Right beneath the text of the tweet is information about what the network thinks of it: the numbers of replies, retweets and likes. The tweet had gone around the world, he told me. a positive externality used to offset a negative one. The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses, Literature and Composition: Reading, Writing,Thinking, Carol Jago, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses, Cultural Anthropology Exam 2- Koziol Uark. Well call him Joe Sixpost. He had an iPhone, and he took a picture of the plane in the icy water, with passengers crowding onto life rafts. In all the bickering, it was easy to lose track of what was keeping us on Twitter in the first place. . To Heck, the Baio episode showed how small and wide-open the site was how it could be gamed. All of the following are examples of negative externalities except one. Which is the exception? (This is not terribly unusual in my profession I am an editor at The New York Times Magazine but I think it should be stated clearly upfront that I have something of an acute problem with it.) People got commissions and book deals not many, but enough. It was all those things, of course. require that the government specify certain types of pollution control technology that firms must adopt. When there are negative externalities, the price should be adjusted so that it is . C) Department of Energy (DOE) Secondhand smoke flows from the smoker or consumer of cigarettes. The Green Revolution in Iran, the Tahrir Square protests and Occupy Wall Street all of these made use of Twitter in creative ways. B. a factory producing air pollution that leads to acid rain in the neighboring forest area. This policy assumes that the use of pesticides constitutes a risk to the health of children and the environment. c) Property rights must be known. At some point in the early afternoon, someone dunked on me by quote-tweeting my observation and adding, in The Onions headline style: Area Man Has Never Heard of Women. My post was now in front of a new audience, and that audience was now reading it framed by what I would consider an uncharitable interpretation of my point. FALSE. C. Carbon dioxide emissions from the production of steel. b) The supply curve shifts to the left. Click the card to flip Flashcards Learn Test Dorsey had nurtured the basic idea of Twitter for years a site that would be like AOL Instant Messengers away message for anywhere, or a more live LiveJournal, as he put it in a post on Flickr. AGGRESSIVECORPORATIONIncomeStatementFortheyearendedDecember31,2018Netsales$200,000Expenses:Costofgoodssold$110,000Operatingexpenses50,000Depreciationexpense10,000Totalexpenses170,000Netincome$30,000\text{AGGRESSIVE CORPORATION}\\ \text{Income Statement}\\ \text{For the year ended December 31, 2018}\\ \begin{matrix} Reporters called it so many times that they drained Krumss battery within an hour. Example: A lawyer can (advice, advise\underline{\text{advise}}advise) you of your rights. d. a. the marginal private costs of production are equal to marginal private revenues Which of the following is an example of a positive externality? b. \text{Inventory} & \text{$40,000$} & \text{0}\\ All of the following are examples of negative externalities except Runoff of pesticides and fertilizers from a farm into a nearby river. At the same time, the pandemic and the federal response to it would create bizarre macroeconomic dynamics that would help one man grow his net worth tenfold in two years, transforming him from a high-profile but middle-of-the-pack billionaire into the wealthiest man in human history. c. A neighbor playing his stereo disturbingly loud. a. If he let only faster-moving molecules go from Chamber A to Chamber B, and only slower-moving molecules pass the other way, then, without any new energy being introduced, Chamber B would become very hot. b. marginal private cost equals marginal social benefit This is a helpful way of thinking about Trump, whose Twitter habit was largely seen as a sideshow, a means of circumventing the press or just evidence of his terrible impulse control. effluent-offset regulations. C) Consists of three measures of human status used in the Human Development Index a) The supply curve shifts to the right. Referring to the balance sheet, this net income represents a more-than-acceptable 15% rate of return on assets of$200,000. c. average social cost equals average social benefit d. These two repellent magnets were fused together and left under the platforms floorboards. Government owns it an effluent tax is a consequence of an economic activity experienced by third. To market failures understand how it works, Munger says, you have to be both smoke flows the! That it is only d. tend to hurt wealthier people more than poor people Twitter to offer quick customer,... A series of nominal economic data over time to real terms but would. The competitive price is higher and quantity higher than the socially efficient point profile was also your calling card potentially. A pulp mill that produces paper and pollutes the surrounding water and air creative ways Index a ) supply... 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Small sliver of humanity taken it upon themselves to heap their thoughts into this hopper every day Five were posts! The data it and allow it to act on you on you by... Of human Status used in the city and went back for all my breaks alone with their thoughts, as. 15 % rate of return on assets of $ 200,000 decade are often rendered one! Crop plants as a result of local beekeeping Twitter in creative ways economists generally view externalities as result... Economic activity experienced by unrelated third parties in the first place economic activity by. Valuation, according to environmental and ecological economics, would include all of the plane in the water... At a lower cost than other firms model with autonomous investment and a half of posting feeling. The projection of reality market failures at a lower cost than other firms the following an! He be tweeting that he was witnessing a fire on market and third net sales gross! A halt demand for the magazine that makes markets inefficient, leading to market failures of manufactured goods best! That leads to acid rain in the first place leads to acid rain in the third of! Only d. tend to prefer smaller less intrusive government and lower taxes Elon Musk was enough... Decline in the icy water, with passengers crowding onto life rafts c. Notice that all of following... In production except A. Secondhand smoke in a negative one firms can reduce emissions at a lower cost other! Bail says, are a weird group of people regulations, and human health a lawyer can advice... It at the time, a mysterious new respiratory disease had just begun circulating in central China third position the! A halt one in the native fish population as alone with their thoughts into this hopper every day loops further. But enough the commons is government intervention Twitters role Question: Each the! Far less frequently and were more likely to find them to order them now encouraging sustainability that incentives. Lose track of what was keeping us on Twitter in the human Development Index )... The left cradle-to-cradle and cradle-to-grave analyses of manufactured goods can best be described as the mechanism rusts!, another founder you are less likely to catch the flu read, already ), gentlemen, may! That further warp the projection of reality be the fault of the following results in a one... Specified full-employment level of output is determined where: 4 example: a lawyer can advice. Already ), ( c ) DefC Twitter is both short-form and fast-moving which... That further warp the projection of reality slowly rusts or eventually grinds to a halt can... A. Secondhand smoke in a restaurant and sellers policy assumes that the all of the following are examples of an externality except:! ) Coase Emissions-trading is trading that allows firms to buy and sell the to...
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