If perfect competition existed everywhere,along with frictionless exchange,perfect information,and constant returns to scale,______

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In perfect competition with frictionless exchange, perfect information, and constant returns to scale, consumers would carry out transactions directly with resource suppliers without the need for intermediaries such as firms or entrepreneurs. This would result in a decentralized economic system where each consumer and resource supplier would interact directly based on market prices. Firms would not be necessary as production would be organized through individual transactions between consumers and resource suppliers.

If Perfect Competition Existed Everywhere,along with Frictionless Exchange,perfect Information,and Constant