Discuss why allocating resources without prices is difficult


Problem

1. Describe four advantages of using price as an allocating mechanism.

2. Discuss why allocating resources without prices is difficult.

3. Explain why prices are neutral.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Discuss why allocating resources without prices is difficult
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