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Home Q & A Board Other Fields Homework Help Business Economics
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meikunn2565 meikunn2565
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4 years ago
Adam Smith taught that individual buyers and sellers who act in their own self-interest frequently promote society's interest. What assumption is needed for society's interest to be promoted?

▸ Buyers and sellers can make informed decisions.

▸ There are no external benefits or costs.

▸ Markets are perfectly competitive.

▸ all of the above
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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jenniferagrethejenniferagrethe
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4 years ago
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meikunn2565 Author
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#2
4 years ago
Exactly what I needed for my project, TYSM
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