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06-10-2020
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According to the concept of laissez-faire, prices and wages are best determined by the
A. federal government.
B. free market.
C. gross national product.
D. individual states.

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war11horse war11horse

06-10-2020

Answer: Free Market

Explanation: The concept of laissez faire insofar as governmental involvement can be better understood when applied to a business situation such as this one. A laissez faire economy is built on fundamental concepts, including: The individual is the basic unit in society. The individual has a natural right to freedom.

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