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In: Economics

1. Explain your reasoning as to why business has become more socially responsible over the last...

1. Explain your reasoning as to why business has become more socially responsible over the last couple of generations.

2. Define and give an example of perfect competition in a market. why do you think it is called perfect?

3. What is the major difference between a market economy (capitalism) and a common economy? Give an example of each, from history or a present day.

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