Question
Q1 (i) Is a price in a market system a good mechanism for the inefficient allocation of resources? When it is, explain why. If a
Q1 (i) Is a price in a market system a good mechanism for the inefficient allocation of resources? When it is, explain why. If a price is not a good mechanism, then document reasons for either efficient or undesirable outcomes
describe a real world situation in which makret system either was or could be a used to achieve more desirble outsocmes for the revelevnt stakeholders
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Managerial Economics
Authors: Paul Keat, Philip K Young, Steve Erfle
7th edition
0133020266, 978-0133020267
