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Economist friedrich hayek argued that when knowledge is decentralized and dispursed among many people a. the greater the share of knowledge the heads of firms
Economist friedrich hayek argued that when knowledge is decentralized and dispursed among many people
a. the greater the share of knowledge the heads of firms and governments can and must know to be successful.
B. the smaller the share of knowledge the heads of firms and governments can know to be successful
C. the greater the need for centralized, top-down planning within large firms and governments
D. the greater the need for firms and governments to avoid markets.
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