Exam (elaborations)
World of Business Midterm Exam Questions and Answers
- Course
- Institution
Hayek - The Use of Knowledge in Society - ANSWER--Complexity of pricing is so complex no person can determine it. -Argued that decision-making must be decentralized to take into account this dispersed knowledge -No one person is as knowledgeable as all of us together. -Markets provide a systemi...
[Show more]