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7. On the consumer side, why are prices advantageous over a system of distributed baskets where people can trade amongst themselves? After all, people in
7. On the consumer side, why are prices advantageous over a system of distributed baskets where people can trade amongst themselves? After all, people in the priceless trading system can end up with baskets that make them happier than what they received. So what advantage do prices confer for consumers? (Hint: Pareto efficient should be included in this answer.)
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