How many prices must a barter economy have if the economy has four goods? What if it
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How many prices must a barter economy have if the economy has four goods? What if it has 400 goods? Explain why having a money in the second case is beneficial.
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4 goods 6 prices 400 goods 79800 ...View the full answer
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Related Book For 
Money, Banking, Financial Markets and Institutions
ISBN: 978-0538748575
1st edition
Authors: Michael Brandl
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