Sen freeman and heath all argued that free markets do not, Operation Management

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Sen freeman and heath all argued that free markets do not

Sen, Freeman, and Heath all argued that free markets do not always produce results that are optimal. (See also my handout on ethics and markets.) How might one argue that the presence of market defects (like ‘externalities’ and ‘informational asymmetries’) show that Friedman is wrong? How might he reply?

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