Economists can prove,if we grant them enough assumptions,that free-market buying and selling lead to optimal results.One of those assumptions is that everyone has full and complete information,on the basis of which they then buy and sell.

Question

Quizplus · Accepted Answer

While economists make the assumption of perfect information, in reality, individuals and firms have limited information and are influenced by external factors such as advertising and incomplete information. This can lead to inefficient outcomes in the free market.

Economists Can Prove,if We Grant Them Enough Assumptions,that Free-Market Buying