Factors affecting the cost of production of a good or service.

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Published in 1980, the book Free to Choose discusses how economists Milton Friedman and Rose Friedman proposed a one-sided view of the benefits of a voucher system. However, there are other economists who disagree about the potential effects of a voucher system.

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Question

Chapter 3, Problem 9CQ

To determine

Factors affecting the cost of production of a good or service.

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