Write a short essay in which you describe open field system, Microeconomics

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Write a short essay in which you describe open field system

Problem

Write a short essay in which you describe the open field system and discuss the various aspects that may have led to inefficiencies. Be sure to review McCloskey's argument for the persistence of the open field system, notably the scattering of plots, and illustrate why improvements in credit markets may have contributed to the replacement of the open fields with enclosed fields.

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