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The following statements are about economic coordination

Business

The following statements are about economic coordination.

Choose the statement that is false.

a. The world oil market is not truly a market because it is not centralized in one place.

b. Without organized markets we would miss out on a substantial part of the potential gains from trade.

c. Firms coordinate a huge amount of economic activity.

d. Today most previously planned economies are adopting a decentralized market system.

Option 1

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