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Which of the following is true of Adam Smith's view of markets and resource allocation?
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Which of the following is true of Adam Smith's view of markets and resource allocation?
Which of the following is true of Adam Smith's view of markets and resource allocation?
a) Markets allow decentralized decision making.
b) Markets discourage innovation.
c) Efficient markets depend on the goodwill of individuals.
d) Markets are usually inefficient in allocating scarce resources to the society.
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Business and Its Environment
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th
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