In a free market, economic activity is coordinated by
a. central planners.
b. prices.
c. costs.
d. majority rule.
b
Economics
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Which among the following situations refers to a zero-sum game?
A) Two nations trying to strengthen their diplomatic relations B) A business firm deciding upon the terms of partnership C) Two players playing a single game of chess D) Two teams deciding on the rules of a game
Economics
A free-rider problem exists for any good that is not
a. rival in consumption. b. a private good. c. free. d. excludable.
Economics