Economists believe that markets generally are efficient. What does this mean and why do they believe it?

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Economists believe that markets generally are "efficient." What does this mean and why do they believe it? Use Consumer Surplus, Producer Surplus, and Total Consumer Surplus to fully answer this question.

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Mar 01, 2017 01:10 PM

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Economists believe that markets generally are efficient. What does this mean and why do they believe it?

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There is always an equilibrium price around which marketers need to frame the strategy They a...View the full answer

Economics

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