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19 January, 06:57

The condition of fully flexible wages and prices was assumed by

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  1. 19 January, 08:30
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    The answer to this question is B) the classical economists.

    Classical economist based their assumptions on the view that market will always find a way to regulate itself without any external intervention.

    In reality, many private establishments often exert their power to control a specific resource in the market in order to rake in more profit (such as what monopolist do)
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