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September 2, 2015

Homework Help: microeconomics

Posted by jamie on Sunday, May 18, 2008 at 12:55pm.

i have to write a paper for a final and need some help with ideas for what I am writing about.. here is the question....
the competitive market system provides highly efficient mechanisms for the allocation of scarce resources to consumers. Using the guideposts to ecomonic thinking, explain how the market system efficiently performs the functions of communication, coordination, and motivation in the distribution of resources to consumers.

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