Price, Bananas, and a Pesky Soil Fungus from Asia

By Dr. Ileana Johnson Paugh —— Bio and Archives--July 7, 2014

Global Warming-Energy-Environment | Comments | Back To Full Article

Keynesian economists tell us that under perfect competition, if there is no government interference and no central planning or directing, producers and consumers make uncoordinated decisions to produce exactly the quantity of each good that satisfies the equation MC=MU and scarce resources are allocated efficiently.

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