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Why are prices advantageous over a system

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Reference no: EM133078917

0n the producer side, why are prices advantageous over a system where each producer would make some amount of goods along their PPF? (Hint: The word incentives should be included in this answer. Explain what information the producers would have to glean from others before making their production decision in a priceless system of trade.)

Reference no: EM133078917

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