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  3. Study Set
    Macroeconomics Study Set 43
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    Exam 2: A: - The Market System and the Circular Flow
  5. Question
    "Competition Is the Mechanism That Brings Order Out of Potential
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"Competition Is the Mechanism That Brings Order Out of Potential

Question 34

Question 34

Essay

"Competition is the mechanism that brings order out of potential chaos in a price-directed economy." Explain.

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This is true in the absence of governmen...

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