Nicholas Barr Quote

Perfect competition must hold in product and factor markets, and also (and importantly) in capital markets. The assumption has two essential features: economic agents must be price takers; and they must have equal power.


Chapter 4, State Intervention, p. 73 - Economics Of The Welfare State (Fourth Edition)

Picture Quote 1

Perfect competition must hold in product and factor markets, and also (and importantly) in capital markets. The assumption has two essential...

Picture Quote 2

Perfect competition must hold in product and factor markets, and also (and importantly) in capital markets. The assumption has two essential...

Picture Quote 3

Perfect competition must hold in product and factor markets, and also (and importantly) in capital markets. The assumption has two essential...

Picture Quote 4

Perfect competition must hold in product and factor markets, and also (and importantly) in capital markets. The assumption has two essential...