Which of the following is an essential part of the market mechanism?
A. Changing relative prices
B. Constant prices
C. Falling average prices
D. Rising average prices
A. Changing relative prices
Economics
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Property rights
A) are essentially arbitrary. Therefore, rearranging them will have few effects. B) do not really exist except in a capitalist society. C) are a major part of the "rules of the game", which govern economic activity. D) prevent people from cooperating in the most effective way. E) are different from human rights.
Economics
When is price fixing not a violation of the antitrust laws?
What will be an ideal response?
Economics