Does the above statement apply to microeconomics

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Reference no: EM13339548

"Nearly all critics agree that consumers have the most benefits in a perfectly competitive market."

1. Does the above statement apply to microeconomics or macroeconomics? Why? Think about the cases of government intervention that create a different price compared to the price-finding mechanism of supply and demand.

2. Explain why anti-trust legislation supports a perfectly competitive market. Give at least one specific example of legislation to justify your explanation.

Reference no: EM13339548

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