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Business, 05.09.2019 20:20 MyaMya12

How is scarcity related to competition?
competition is an effect of scarcity.
scarcity is an effect of competition.
both scarcity and competition are effects of a rationing device.
both scarcity and competition are effects of opportunity cost.
scarcity produces disutility and competition produces utility.

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How is scarcity related to competition?
competition is an effect of scarcity.
scarcity...

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