Under a system of laissez-faire, output selection is determined by consumers' wants.
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Q23: Central planning is an efficient method for
Q24: High prices do not occur in laissez-faire
Q25: Any increase in efficiency increases only profits
Q26: The price mechanism solves the "for whom"
Q27: At the equilibrium point in a perfectly
Q29: Any increase in efficiency increases output available
Q30: The price system takes into account consumer
Q31: Input-output analysis is a technique used to
Q32: The "invisible hand" refers to the control
Q33: A weakness of the price system is
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