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Homework answers / question archive / Indicate whether the statement is related to heterodox or neoclassical economics: Prices change rapidly according to supply and demand, with competition ensuring that price reflects minimum average costs of production

Indicate whether the statement is related to heterodox or neoclassical economics: Prices change rapidly according to supply and demand, with competition ensuring that price reflects minimum average costs of production

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Indicate whether the statement is related to heterodox or neoclassical economics:

Prices change rapidly according to supply and demand, with competition ensuring that price reflects minimum average costs of production.

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