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book Microeconomics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson cover

Microeconomics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson

Edition 15ISBN: 978-1285453569
book Microeconomics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson cover

Microeconomics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson

Edition 15ISBN: 978-1285453569
Exercise 11
"Government action is based on majority rule, whereas market action is based on mutual consent. The market allows for proportional representation of minorities, but minorities must yield to the views of the majority when activities are undertaken through government." In your own words, explain the meaning of this statement. Is the statement true Why or why not
Explanation
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There is no reason to believe that selle...

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Microeconomics 15th Edition by James Gwartney,Richard Stroup,Russell Sobel,David Macpherson
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