Microeconomics
Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
Question
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Chapter 8, Problem 1QP
To determine

Difference between market coordination and managerial coordination.

Expert Solution & Answer
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Explanation of Solution

The market coordination is an impersonal, which is like an individuals are guided to do X instead of Y by impersonal forces such as changes in price. Managerial coordination is somewhat personal, which is like a manager or supervisors order the employee to do some work.

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