Feudalism and mercantilism relied on markets to solve the three main coordination problems.
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Q9: Governments establish the laws that regulate the
Q10: Which of the following is not a
Q11: When there are market externalities, the market
Q12: Membership in the Group of Seven consists
Q13: McDonald's Corporation lost a battle to keep
Q15: Markets coordinate economic activity through:
A) the price
Q16: Market economies are based on:
A) private property
Q17: For a market to exist:
A) private property
Q18: Limited liability is a key advantage of
Q19: Private property rights are essential to market
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