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According to Cloward and Ohlin,what Did Merton's Theory Fail to Take

question 18

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According to Cloward and Ohlin,what did Merton's theory fail to take into account?


Definitions:

Market Price

The current price at which an asset or service can be bought or sold in a public marketplace.

Incremental Value

The additional value created by undertaking a specific action, beyond the existing value without taking that action.

Market Value

The current price at which an asset or service can be bought or sold in a particular market.

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