Which of the following is an accurate statement?

a. Market allocation is illegal because it helps a business make a profit.
b. Market allocation is illegal because it reduces competition.
c. Market allocation is illegal because it is based on price-sensitivity.
d. Market allocation is illegal because it is caused by elasticity of demand.

Ans: b. Market allocation is illegal because it reduces competition.

Economics

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Wheat produced in the U.S. but sold in Japan would not be included while calculating the U.S. GDP

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