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Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
Edition 18ISBN: 9780073365954Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
Edition 18ISBN: 9780073365954 Exercise 12
Evaluate and explain the following statements:
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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In market system individual owns and con...
Microeconomics 18th Edition by Campbell McConnell, Stanley Brue, Sean Flynn
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