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Business, 04.01.2021 20:00 maysen2001
Which of the following are necessary for markets to lead to a socially optimal level and distribution of output. Choose all that apply. a. Perfectly competitive marketsb. Market prices that incorporate externalities. c. Technological progress. d. No non-market output; all output is sold through markets. e. No transactions costs. f. No inheritance of wealth.
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Which of the following are necessary for markets to lead to a socially optimal level and distributio...
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