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Explain how the market operates as an allocation system for determining who gets goods and services and who does not.

Explain how the market operates as an allocation system for determining who gets goods and services and who does not. Compare the market system with other possible allocation systems such as a central decision maker; first-come, first-serve; or a lottery system. What are the strengths and weaknesses inherent in the market

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Explain how the market operates as an allocation system for determining who gets goods and services and who does not.docx

Explain how the market operates as an allocation system for determining who gets goods and
services and who does not. Compare the market system with other possible allocation systems
such as a...

Sign up to view the full answer

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