The Foundations of Well-Functioning Markets: A Role for Government” (Grant: Chapter 6) that is well written and has four criteria for a well-functioning set of markets; Information, Honesty, Property Rights, and competition. Which criteria is the most important and why? How does it effect the economy? Explain.

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Determining the most important criterion among Information Honesty Property Rights and Competition for wellfunctioning markets can be subjective and c... View the full answer