Evaluate the following statement: Using free markets and the price system always results in a more efficient
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Evaluate the following statement:
Using free markets and the price system always results in a more efficient resource allocation than central planning. Just look at what happened in Eastern Europe.
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The demise of many centrallyplanned economies suggests that ce...View the full answer
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Related Book For
Managerial Economics and Organizational Architecture
ISBN: 978-0073375823
5th edition
Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr
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