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Verbal, situational, and dramatic irony are exemplified in "The Gift of the Magi" climax.
Verbal irony is the discrepancy between words and their meaning, often used for sarcasm. A good example is in O. Henry's 'The Gift of the Magi' where characters sacrifice their prized possessions for gifts that end up being unusable due to their sacrifices.
In this story, the irony is situational as the outcome is not what the characters expected, showcasing a disparity between actions and intended consequences.
The climax of the story illustrates a form of dramatic irony, where the reader knows more than the characters, enhancing the emotional impact and understanding of the narrative.
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