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Answer to Question #89372 in Microeconomics for Asma

Question #89372
Discuss whether prices are less important in allocating scarce resources in a mixed economy compared with a market economy
1
Expert's answer
2019-05-10T11:04:31-0400

Prices are less important in allocating scarce resources in a mixed economy, because not only prices determine the allocation or resources but other factors such as government regulation, if compared with a market economy.


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