Explain the coordination mechanism.

Question

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Answer 1

Question

Chapter 22, Problem 1QE

To determine

Explain the coordination mechanism.

Expert Solution & Answer

Explanation of Solution

The method of coordination mechanism is a system of balancing the needs of individuals with the desires of others. All markets are a type of coordination mechanism. Another method of the coordination mechanism is the algorithm that matches the demand of students for courses and the courses they are assigned. In short, the modern mechanisms and institutions that are used to solve the coordination problems are called the coordination mechanism.

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Answer 2

Question

Chapter 22, Problem 1QE

To determine

Explain the coordination mechanism.

Expert Solution & Answer

Explanation of Solution

The method of coordination mechanism is a system of balancing the needs of individuals with the desires of others. All markets are a type of coordination mechanism. Another method of the coordination mechanism is the algorithm that matches the demand of students for courses and the courses they are assigned. In short, the modern mechanisms and institutions that are used to solve the coordination problems are called the coordination mechanism.

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Answer 3

Question

Chapter 22, Problem 1QE

To determine

Explain the coordination mechanism.

Expert Solution & Answer

Explanation of Solution

The method of coordination mechanism is a system of balancing the needs of individuals with the desires of others. All markets are a type of coordination mechanism. Another method of the coordination mechanism is the algorithm that matches the demand of students for courses and the courses they are assigned. In short, the modern mechanisms and institutions that are used to solve the coordination problems are called the coordination mechanism.

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Answer 4

Question

Chapter 22, Problem 1QE

To determine

Explain the coordination mechanism.

Expert Solution & Answer

Explanation of Solution

The method of coordination mechanism is a system of balancing the needs of individuals with the desires of others. All markets are a type of coordination mechanism. Another method of the coordination mechanism is the algorithm that matches the demand of students for courses and the courses they are assigned. In short, the modern mechanisms and institutions that are used to solve the coordination problems are called the coordination mechanism.

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Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Chapter 22, Problem 1QE

To determine

Explain the coordination mechanism.

Expert Solution & Answer

Explanation of Solution

The method of coordination mechanism is a system of balancing the needs of individuals with the desires of others. All markets are a type of coordination mechanism. Another method of the coordination mechanism is the algorithm that matches the demand of students for courses and the courses they are assigned. In short, the modern mechanisms and institutions that are used to solve the coordination problems are called the coordination mechanism.

Answer 6

Chapter 22, Problem 1QE

To determine

Explain the coordination mechanism.

Expert Solution & Answer

Explanation of Solution

The method of coordination mechanism is a system of balancing the needs of individuals with the desires of others. All markets are a type of coordination mechanism. Another method of the coordination mechanism is the algorithm that matches the demand of students for courses and the courses they are assigned. In short, the modern mechanisms and institutions that are used to solve the coordination problems are called the coordination mechanism.

Answer 7

Chapter 22, Problem 1QE

To determine

Explain the coordination mechanism.

Answer 8

Expert Solution & Answer

Explanation of Solution

The method of coordination mechanism is a system of balancing the needs of individuals with the desires of others. All markets are a type of coordination mechanism. Another method of the coordination mechanism is the algorithm that matches the demand of students for courses and the courses they are assigned. In short, the modern mechanisms and institutions that are used to solve the coordination problems are called the coordination mechanism.