Evaluate the following statement: Using free markets and the price system always results in a more efficient

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Evaluate the following statement:

Using free markets and the price system always results in a more efficient resource allocation than central planning. Just look at what happened in Eastern Europe.

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Managerial Economics and Organizational Architecture

ISBN: 978-0073375823

5th edition

Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr

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Question Posted: Apr 11, 2018 02:15 AM

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Evaluate the following statement: Using free markets and the price system always results in a more efficient

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The demise of many centrallyplanned economies suggests that ce...View the full answer

Managerial Economics and Organizational Architecture

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