Business, 30.10.2019 02:31 MrKrinkle77

It has been demonstrated that a competitive market economy allocates resources efficiently. specifically, in a competitive equilibrium, all opportunities for additional gain have been exhausted so that no individual can be made better off without making another individual worse off. economists often argue that economic efficiency can be improved if prices that are set by non-market forces are set so that higher prices are charged for relatively overutilized resources. which of the following is an example

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It has been demonstrated that a competitive market economy allocates resources efficiently. specific...