Question
a) The orthodox theory suggests that consumers are sovereign and that therefore free markets are welfare-enhancing machines. Governments shouldn't interfere. What are the long-run impacts
a) The orthodox theory suggests that consumers are sovereign and that therefore free markets are welfare-enhancing machines. Governments shouldn't interfere. What are the long-run impacts of this perspective?
b) If consumers are not sovereign then we can justify doing something. What could be done?
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Legal Fundamentals for Canadian Business
Authors: Richard A. Yates
4th edition
133370283, 978-0133370287
