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ECO 2013 Study Guide - Quiz Guide: Price Gouging, Price Ceiling, Price Floor
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puceoyster173
16 Mar 2018
School
UCF
Department
Economics
Course
ECO 2013
Professor
Robert Pennington
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Related Questions
When an owner of a productive resource deploys that resource where he gets the highest price for it, he is not only deploying that resources where it will create greatest value of final output but is also maximizing his own welfare. The greed of the owner and the efficient allocation of productive resources are congruent in a capitalist economy.