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Desirable characteristics of system of rationing means

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Reference no: EM133495441

TOPIC "Rationing"

1. For each of these systems of rationing, state who receives the good or service being rationed:

command

lottery

first-come first-served

price

2. Explain what each of these desirable characteristics of a system of rationing means:

fairness

efficiency

minimized opportunity cost

minimized discrimination

Reference no: EM133495441

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