What do Austrians think about the concept of perfect competition? a. They stress that this is a
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Question:
What do Austrians think about the concept of “perfect competition”?
a. They stress that this is a key concept for economics
b. They argue that competition can at best be “almost perfect”
c. They find it a perverse concept because in “perfect competition” there is no competition at all
d. They propose to replace it with “imperfect competition”
Related Book For
Accounting for Decision Making and Control
ISBN: 978-0078025747
8th edition
Authors: Jerold Zimmerman
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