The logic of competition

The logic of competition

“Rent seeking and the decline of the Florentine school,” Ennio E. Piano and Tanner Hardy, April 2022, Public Choice, 192, 59–78 (2022). https://doi.org/10.1007/s11127-022-00971-9 For a long time, economists have written and talked about the benefits that accrue to consumers as a result of free competition among businesses. When any business can easily enter an industry […]

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