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If Microeconomics is considered to be study of scarce resources (Perloff, 2007). In which customers (both individuals and organizations) must make allocation decisions. These 3-basic trade offs include which products or services are to be manufactured, how to produce them, and who gets them.

Briefly explain how these three trade-offs are determined using a specific good/service found on the Internet:

Which goods/services are produced in your example?
How will they be produced?
Who purchases them?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9311179

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