What is a black market? What are some of the main differences in how black markets operate

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What is a black market? What are some of the main differences in how black markets operate relative to legal markets?

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Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 06, 2023 05:11 AM

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What is a black market? What are some of the main differences in how black markets operate

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A black market refers to an underground or illicit economy where goods and services are traded illegally often in violation of government regulations laws and taxation Black markets typically emerge w...View the full answer

Macroeconomics Private And Public Choice

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