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Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992

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Section
BuyFindarrow_forward

Microeconomics: Principles & Policy

14th Edition
William J. Baumol + 2 others
Publisher: Cengage Learning
ISBN: 9781337794992
Chapter 11, Problem 3DQ
Textbook Problem
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In reality, which of the following circumstances might give rise to each of the situations described in Discussion Question 2?

  1. Regulation of output quantities by a government
  2. Rationing of commodities
  3. Assignment of soldiers to different jobs in an army

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