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Microeconomics 20th Edition by Campbell McConnell, Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660819Microeconomics 20th Edition by Campbell McConnell, Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660819 Exercise 6
Evaluate and explain the following statements:
a. The market system is a profit-and-loss system.
b. Competition is the disciplinarian of the market economy.
a. The market system is a profit-and-loss system.
b. Competition is the disciplinarian of the market economy.
Explanation
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Verified
In market system individual owns and con...
Microeconomics 20th Edition by Campbell McConnell, Stanley Brue,Sean Flynn
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