11. The prices of products and resources communicate information to entrepreneurs, helping them to determine (a) how...

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11. The prices of products and resources communicate information to entrepreneurs, helping them to determine

(a) how to use scarce resources and

(b) which products are most intensely desired (relative to their opportunity cost) by consumers.

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Economics Private And Public Choice

ISBN: 9780123110404

2nd Edition

Authors: James D Gwartney; Richard Stroup; A H Studenmund

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Question Posted: Oct 25, 2024 07:01 AM

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Economics Private And Public Choice

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