Mill noted that economists tend to exaggerate the real effects of competition.

Name: Mill noted that economists tend to exaggerate the real effects of competition.
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Mill believed that competition alone was not enough to ensure the best outcomes and that other factors such as access to education and resources, government intervention and regulation, and social norms also played important roles. Therefore, he believed that economists tended to exaggerate the real effects of competition.

Mill Noted That Economists Tend to Exaggerate the Real Effects