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Which term best describes the economic concepts Alvin E. Roth is known for working with?
Traditional Economy
Command Economy
Mixed Economy
Market Economy
Answer
A market economy is an economic system where prices are determined by the interaction of supply and demand in a free market. Alvin E. Roth is an American economist who is known for his work in market design. Market design is the application of economic theory to the design of markets and market institutions.
The Mastermind of Market Design: Alvin E. Roth Quiz
More Questions
The'Stable Allocations' theory that earned Alvin E. Roth his Nobel, refers to what?
Alvin E. Roth's work is known for mixing economic theory with what?
Alvin E. Roth's contributions to economics are under the branch known as?
The economic model that Alvin E. Roth works with can best be described as?
What economics concept used by Alvin E. Roth involves strategic decision making?
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