i have to write a paper for a final and need some help with ideas for what I am writing about.. here is the question....
the competitive market system provides highly efficient mechanisms for the allocation of scarce resources to consumers. Using the guideposts to ecomonic thinking, explain how the market system efficiently performs the functions of communication, coordination, and motivation in the distribution of resources to consumers.
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Wow. that's really an open ended question. I'm not really sure what to suggest. However, if you have some ideas, I or others will be happy to critique.
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