what does the basic neoclassical or traditional
What does the basic neoclassical, or traditional, model of economics assume about markets?
It supposes that markets are perfectly competitive and smoothly functioning, and those prices are examined purely by forces of supply and demand.
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what does the basic neoclassical or traditional model of economics assume about marketsit supposes that markets are perfectly competitive and
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identify the four institutional requirements of marketsthe four institutional needs of markets are pprivate propertysocial institutions of
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