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chapter6 - who are able and willing to pay get the...

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Chapter 6 Kevin, Brent, Won
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Resource allocation methods Market Price Command System Majority Rule Contest First-come, first served Sharing equally Lottery Personal characteristics Force
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True or False When market Prices are used to allocate resources, only the people
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Unformatted text preview: who are able and willing to pay get the resources. • • TRUE Multiple Choice • A marginal benefit curve • A. same as the demand curve • B. same as the supply curve • C. slopes upwards • D. Is a vertical line at the efficient quantity • E. is U-shaped...
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