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QUESTION
n the country of Platonia, firms make the economic decisions of what to produce, how to produce, and for whom to produce. Households decide where to...
n the country of Platonia, firms make the economic decisions of what to produce, how to produce, and for whom to produce. Households decide where to work and how to spend their income. Based on this information, it can be concluded that Platonia has a:
- a) mercantile economy.
- B) command economy.
- C) closed economy.
- d) market economy.
