According to classical economists,most,if not all,markets are competitive.

Name: According to classical economists,most,if not all,markets are competitive.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Classical economists believed in the idea of perfect competition, where there are many buyers and sellers in a market, no barriers to entry or exit, homogeneous products, and perfect information. They believed that markets tend towards this ideal state and that this leads to efficient outcomes for society as a whole.

According to Classical Economists,most,if Not All,markets Are Competitive