Tuesday, December 31, 2013

Why do markets operate inefficiently?

Why do markets operate inefficiently?
This question makes no sense....it automatically assumes that markets are inefficient, rather than asking if markets are or are not inefficient. It is a political rather than economic question and should be re-phrased.
The question makes sense.. It isn't political. It is the re-phrased form of "Which of the following is a situation that makes the market behave inefficiently"

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