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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

Explain the difference between managerial coordination and market coordination.

To determine

Difference between market coordination and managerial coordination.

Explanation

The market coordination is an impersonal, which is like an individuals are guided to do X instead of Y by impersonal forces such as changes in price. Managerial coordination is somewhat personal, which is like a manager or supervisors order the employee to do some work.

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