Explain how the prices determined in competitive market in, Ask an Expert

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A. Explain how the prices determined in competitive market in theory? describe who the price were determined in P.O.W Camp. Discuss weather mechanism of price determination in P.O.W Camp is consistent with the theory?

B. there was an attempt to fix the prices but results in failure. explain why the attempt failed? Cigarette was used as currency. explain why?

C. what was a problem caused by using cigarette as currency?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9677264

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