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What is Marginal Analysis? How do firms use marginal benefits and marginal costs in decision making process? Who owns resources in communistic systems, and how

What is Marginal Analysis?

How do firms use marginal benefits and marginal costs in decision making process?

Who owns resources in communistic systems, and how is that different in capitalism?

What is creative destruction?

What is consumer sovereignty?

What is a Supply Schedule and a Demand Schedule?

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