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Microeconomics 20th Edition by McConnell, Sean Flynn, Stanley Brue
Edition 20ISBN: 978-1308221281Microeconomics 20th Edition by McConnell, Sean Flynn, Stanley Brue
Edition 20ISBN: 978-1308221281 Exercise 6
Evaluate and explain the following statements: LO2
a.The market system is a profit-and-loss system.
b.Competition is the disciplinarian of the market economy.
a.The market system is a profit-and-loss system.
b.Competition is the disciplinarian of the market economy.
Explanation
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(a)arket system itself acts as the organ...
Microeconomics 20th Edition by McConnell, Sean Flynn, Stanley Brue
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