Most economists agree that markets are weak and ineffective mechanisms for allocating scarce resources.

Name: Most economists agree that markets are weak and ineffective mechanisms for allocating scarce resources.
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Most economists believe that markets are efficient mechanisms for allocating scarce resources. However, some argue that markets can fail to allocate resources efficiently when there is market power, externalities, public goods, or information asymmetry.

Most Economists Agree That Markets Are Weak and Ineffective Mechanisms