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Much of the philosophical underpinning of the modern business world is based on the claimed superiority of the free market and its supposed ability to provide the best solutions. It in turn is based on the purely theoretical economic concept of “perfect competition”. The trouble is that the idea of perfect competition translates poorly into reality because it makes implausible assumptions like perfect knowledge and information and zero transaction costs. All of which was wishful thinking–until
List Price: £12.99
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