In order to show that perfectly competitive markets are
In order to show that perfectly competitive markets are efficient, economists assume that such markets are characterized by “perfect information.” How can imperfect information create inefficiency in what would otherwise be a competitive market?
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in order to show that perfectly competitive markets are efficient economists assume that such markets are characterized
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give an example of behavior that cannot be explained with standard economic models and which is therefore of interest
tom is stuck with his friends on an island that uses coconuts for currency but they recently discovered wilsonrsquos
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