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QUESTION
1. Relate the ideas of Adam Smith to the moral justification of capitalism, given the logic of the theory of the competitive firm (use two
1. Relate the ideas of Adam Smith to the moral justification of capitalism, given the logic of the theory of the competitive firm (use two diagrams—one for the market and one for the individual firm inside that market/industry). Define the term "consumer sovereignty," in terms of such a market dynamic.
