Meaning of competition, Standard economic theory examines

Meaning of competition

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Standard economic theory examines competition as the number of firms within the market. What was Hayek's contention with this view in The Meaning of Competition? Instead, what did Hayek say was the better way to examine competition? What did Hayek specifically say about perfect competition?

Reference no: EM131805734

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Meaning of competition : Standard economic theory examines competition as the number of firms within the market. What was Hayek's contention with this view in The Meaning of Competition

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