Consider the two economies of Lithasia and Barylia.Economic agents in Lithasia have coordination and incentive problems,while social surplus is maximized in Barylia.Which economic system does each economy most likely have? Explain your answer.

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The Answer of Consider the two economies of Lithasia and Barylia.Economic agents in Lithasia have coordination and incentive problems,while social surplus is maximized in Barylia.Which economic system does each economy most likely have? Explain your answer.

Consider the Two Economies of Lithasia and Barylia