1 Write the type of allocation method each example represents. Choose from the following: random allocation; market...

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1 Write the type of allocation method each example represents. Choose from the following: random allocation;

market allocation; first-come, first-served allocation;

or government allocation.

a. Winning a lottery

b. The high bidder at an auction gets a valuable painting.

c. The mayor of a city decides who will be hired.

d. Students at Big Football U. can park on campus without charge, but there aren’t enough parking spaces for all students.

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Fundamentals Of Economics

ISBN: 9780618992676

4th Edition

Authors: William Boyes , Michael Melvin

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