Can a market work if it is not perfectly competitive? Will it reach equilibrium price? If a price is not at equilibrium will the result be more or less surpluses and shortages of goods and services than if at equilibrium?
Can a market work if it is not perfectly competitive? Will it reach equilibrium price? If a price is not at equilibrium will the result be more or less surpluses and shortages of goods and services than if at equilibrium?
