5. What do economists mean when they say that resource allocation is ideal or efficient? Why is...

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5. What do economists mean when they say that resource allocation is ideal or efficient? Why is it sometimes argued that a purely competitive economy will allocate goods ideally? Explain.

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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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