Understanding How Prices Work in a Free Market
August 10, 2021
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5:02Now PlayingUnderstanding How Prices Work in a Free Market
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as posted by the channelNow that we know about supply and demand, we are ready to talk about prices, and how they dictate the dynamics of a free market economy. Free markets lead to an efficient distribution of resources, however there are exceptions, such as with imperfect competition and monopolies, so let's make sure we understand the details!
Script by Matt Beat
Animation by Ignacio Triana
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