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Answer these open-ended questions in a short paragraph sentences: 1.) Discuss why we might want to attempt to balance efficiency and equity rather than making

Answer these open-ended questions in a short paragraph sentences: 1.) Discuss why we might want to attempt to balance efficiency and equity rather than making distributions solely with the market or solely through government allocation, give reasons in support of your position.

2.)Is a waiting list (such as the waiting list for Pittsburgh Steelers tickets) an appropriate resource allocation device, why or why not, can you propose a better way to do it?

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