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3. In as much detail as possible explain how greed regulates capitalist markets. 4. Why is greed necessary for this economic system to eliminate waste?

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3. In as much detail as possible explain how greed regulates capitalist markets. 4. Why is greed necessary for this economic system to eliminate waste? (Define "Consumer Sovereignty.") 5. Why is greed necessary for this economic system to function efficiently? (Define "efficiency")

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