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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
2.9 Centrally planned economies have been less efficient than market economies.
a. Has this difference in efficiency happened by chance or is there some underlying reason?
b. If market economies are more economically efficient than centrally planned economies, would there ever be
a reason to prefer having a centrally planned economy rather than a market economy?
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