If market prices were perfectly flexible, and there was perfect factor mobility, there would be no problem of regional or local inequality.

Name: If market prices were perfectly flexible, and there was perfect factor mobility, there would be no problem of regional or local inequality.
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If market prices were perfectly flexible, and there was perfect factor mobility, resources would flow to areas where they are most productive, leading to a more even distribution of income and wealth.

If Market Prices Were Perfectly Flexible, and There Was Perfect