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Author Question: Adam Smith taught that individual buyers and sellers who act in their own self-interest frequently ... (Read 89 times)

storky111

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Adam Smith taught that individual buyers and sellers who act in their own self-interest frequently promote society's interest. What assumption is needed for society's interest to be promoted?
◦ Buyers and sellers can make informed decisions.
◦ There are no external benefits or costs.
◦ Markets are perfectly competitive.
◦ all of the above


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Marked as best answer by storky111 on Jul 20, 2019

lorealeza

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