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Which of the following is TRUE about the market economy?

Which of the following is TRUE about the market economy?

a.Resources are scarce; Competition helps achieve efficient allocation of resources.b.Resources are scarce; Only the government can allocate the resources efficiently.c.Resources are scarce; A society must distribute its resources and products equally among all individuals.d.Resources are scarce; The government must get the upper hand over the "invisible hand" to allocate resources.

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