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The economist, Ronald Coase, noted that it is common place in economics that almost all resources - are limited and recognizing that some mechanism has
The economist, Ronald Coase, noted that it is common place in economics that almost all resources - are limited and recognizing that some mechanism has to be employed to decide who, out of the many claimants, should be allowed to use the scarce resource. What mechanism does he recognize as common in the American economic system? Central Mechanism Chaos Mechanism Price Mechanism Opportunity Cost Mechanism
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