Answer: these mechanisms might be a) enforceable contracts
, b) repeated interactions c) institutions that alter the distribution of power.
Explanation:
Enforceable contracts means contracts that are achievable by the parties because they have tied to certain padlocks.
Repeated interactions means they are predictable.
Too much power corrupt institutions. If there is redistribution of power there will be better outputs for all the members of society.
Answer:
Explanation:
Free market system: A free market is an economic system that allows supply and demand to regulate prices, wages, etc, rather than government.
Answer:
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