Most religions argue that individuals should not fully exploit market positions. For example, the text makes it

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Most religions argue that individuals should not fully exploit market positions. For example, the text makes it sound as if allowing prices to rise to whatever level clears the market is the best policy to follow. That means that if, for example, someone were stranded in the desert and were willing to pay half his or her future income for life for a drink of water, charging him or her that price would be appropriate. Is it appropriate? Why or why not? (Religious)

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Macroeconomics

ISBN: 978-1259663048

10th edition

Authors: David C. Colander

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