Perfect Competition and the Transformation of Economics

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Frank Machovec argues that the assumption of perfect information has done untold economic damage. It has provided the rationale for active state intervention an

Perfect Competition and the Transformation of Economics

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Perfect Competition & Transformation of Economics

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Perfect Competition

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What is Perfect Competition Perfect markets, also known as atomistic markets, are defined by a number of idealizing conditions that are together referred to as

Perfect Competition and the Transformation of Economics

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Frank Machovec argues that the assumption of perfect information has done untold economic damage. It has has led to state intervention and obscured the extent t