how would the price mechanism decide resource, Microeconomics

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how would the price mechanism decide resource

How would the price mechanism decide resource allocation in a competitive (free) market?

The main issue it to explain how the price mechanism has a signalling, rationing and incentives function for the actors on a competitive market, creating equilibrium on the market and allocating resources in different markets.

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Microeconomics: how would the price mechanism decide resource

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Microeconomics: how would the price mechanism decide resource

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