Chapter 9 - 10

Chapter 9 - 10 - efficiency vs the equity issue –...

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Chapter 9 the farm problem… the oil problem input costs shifts costs curves up Chapter 10 not making anyone worse off is a big issue NEED TO KNOW THE THREE COORDINATION TASKS!! ~ LAISSEZ FAIRE – no government involvement
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Unformatted text preview: efficiency vs the equity issue – relative incomes price system favors the rich and affluent equality means everyone has the same oppertunities...
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