The economic role of the legal system might best be described as
A) promoting the productive efficiency of competitive markets.
B) identifying and producing public goods.
C) establishing the "rules of the game" and acting as a referee when disputes arise among market participants.
D) identifying and producing merit goods.
C
Economics
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What will be an ideal response?
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a. horizontal b. vertical c. upward sloping d. constant e. downward sloping
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