1.6. In a command economy such as the old Soviet Union, there were no prices for almost...

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1.6. In a command economy such as the old Soviet Union, there were no prices for almost all goods. Instead, goods were allocated by a

"central planner." Suppose that a good like oil becomes more scarce. What problems would a central planner face in reallocating oil to maximize consumer plus producer surplus?

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Modern Principles Macroeconomics

ISBN: 124428

2nd Edition

Authors: Tyler Cowen ,Alex Tabarrok

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Question Posted: Nov 16, 2024 12:00 AM

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1.6. In a command economy such as the old Soviet Union, there were no prices for almost...

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Modern Principles Macroeconomics

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