Economics Homework Help

Economics Homework Help. principles of microeconomic



  1. Economists
    argue that resources flow to their highest valued use insuring, if there
    are no market failures, a purely competitive market will lead to a
    well-being maximum.  This is
    referred to as the price or profit system. 
    Explain why economists believe this.  That is, explain how the price/profit system
    works.


Economics Homework Help

 
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