Imperfect Knowledge
Jack T. Harvey
Abstract
Jack T. Harvey
Abstract
Imperfect knowledge leads to imperfect competition and so the efficiency of the market economy is impaired. In practice such imperfect knowledge may occur for the following reasons.
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Imperfect knowledge leads to imperfect competition and so the efficiency of the market economy is impaired. In practice such imperfect knowledge may occur for the following reasons.
Key concepts: Imperfect, Imperfect competition, Economics, Competition (biology), Microeconomics, Ecology, Philosophy, Biology