If all the places where you currently buy goods and services (HEB, Walmart, doctors\' offices, telephone company, etc.) were now owned by the government, what would we expect to happen to the quantity, quality, and prices of those goods and services? To answer this question, think of what happens to the effort placed by the producer when you eliminate competition in favor of a single producer (the government).

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If everything is managed by the government and only a sin... View the full answer