In a perfectly free economy, all buyers and sellers are utility maximizers: Each tries to get as much as possible for as little as possible.

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In a perfectly free economy, the assumption is that all participants (buyers and sellers) act rationally to maximize their utility, meaning buyers want to obtain the maximum benefit at the lowest cost, and sellers aim to sell their goods or services at the highest possible price to maximize profit.

In a Perfectly Free Economy, All Buyers and Sellers Are