Question
These four assumptions, no externalities, no monopoly power, no price stickiness, and no public goods, create markets efficiently allocate resources. however, no externalities, and no
These four assumptions, no externalities, no monopoly power, no price stickiness, and no public goods, create markets efficiently allocate resources.
however, no externalities, and no public goods, lead to an inefficient allocation of resources.
Why would no externalities and no public goods lead to an inefficient allocation of resources.?
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Marketing
Authors: John McMurry, Robert Fay
13th Edition
125973806X, 9781259738067
