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7-05-2011 @ 1:16PM
markets function when optimally when there are certain conditions met: there and many buyers and sellers, no barriers to entry, identical good and a few other factors. this article has quite rightly pointed out that markets and not performing up to scratch because; barriers exist (raiders only) and there are not many sellers. when markets are efficient it is a beautiful thing but this is clearly not an example of one in action. If this was the real world this would be the perfect market for government intervention
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