How governance can be combined with perfect markets

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With reference to figure 5.2, explain how governance can be combined with perfect markets to identify a "supremely" perfect result at point U. Does this demonstration prove that markets always yield superior outcomes?

Reference no: EM131189088

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How governance can be combined with perfect markets : With reference to figure 5.2, explain how governance can be combined with perfect markets to identify a "supremely" perfect result at point U. Does this demonstration prove that markets always yield superior outcomes?

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