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One requires large exchanges of information and money

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One requires large exchanges of information and money among classmates, then a second transaction with the food trucks, time to distribute the goods and finally, time to try and correct what went wrong. The first is a classic simple market--effective and efficient. The transaction system matches the products being exchanged. Also consider the poster child for poor market behavior--the U.S. health care system. We spend 75% more than other countries, fail to cover everyone and have high levels of malpractice. We live less years than those in other countries. Why does this market system fail?

Reference no: EM133359336

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