Market Under Ideal Conditions, Ensure An Efficient Allocation Of Scarce Resources, But In Practice Conditions Are Usually Not Ideal, Can You Critically Analyze The Statement With Examples?


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In an Ideal market when the resources are allocated and the equilibrium is achieved then the market can give in such case the highest possible market value, which is practically not possible. In an Ideal market condition the prices of the products are considered as the marginal benefits for the consumers and right allocation of resources can give the efficient outcome which is also not practically available. For complete details click on the link:
Ideal market and allocation of resources

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