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    Business
  3. Study Set
    The Business Environment Themes and Issues
  4. Exam
    Exam 1: Introduction: Business and Its Environment in a Globalizing World
  5. Question
    A Market System Can Be Characterized as a Decentralized Mechanism
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A Market System Can Be Characterized as a Decentralized Mechanism

Question 16

Question 16

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A market system can be characterized as a decentralized mechanism for deciding the allocation of resources.

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