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I've been taught in school that perfect competition (https://en.wikipedia.org/wiki/Perfect_competition https://en.wikipedia.org/wiki/Perfect_competition ) requi
by phh 5y ago
I've been taught in school that perfect competition (https://en.wikipedia.org/wiki/Perfect_competition https://en.wikipedia.org/wiki/Perfect_competition ) requires perfect information ( https://en.wikipedia.org/wiki/Perfect_information https://en.wikipedia.org/wiki/Perfect_information ), so I assume giving more information would increase competition. Could you share why this is anti-competitive?
- matz1 5y agoCompetition doesn't necessarily have anything to do with the amount of information. https://www.merriam-webster.com/dictionary/competition https://www.merriam-webster.com/dictionary/competition
- LargeWu 5y ago"Perfect competition" is a specific economic concept. The dictionary definition of "competition" doesn't really apply to this discussion.
- deleted 5y ago[deleted]
- Siira 5y agoMerriam-webster, the height of technical excellency. We should all strive to educate ourselves using this indubitable resource.
- seoaeu 5y agoThat's like responding to an article about new Python language features by pointing out that the author doesn't know anything because actually pythons are big snakes: https://www.merriam-webster.com/dictionary/python https://www.merriam-webster.com/dictionary/python